During the current year, Thrasher (a calendar year, accrual basis S corporation) records the following transactions.

Sales $1,500,000 Cost of goods sold $900,000 Long-term capital gain $11,000 Short-term capital gain $5,000 Salaries $210,000 Qualified dividends from stock investments $30,000 Rent expense $170,000 Advertising expense $20,000 Interest expense on business loan $15,000 1231 gain $25,000 Organizational expenditures $3,000 Charitable contributions $5,000 Bad debt (trade account receivable deemed to be uncollectible) $10,000 Cash dividend distributed to shareholders $120,000

Required:

A. Determine Thrashers separately stated items for the current year

B. Determine Thrashers ordinary business income for the current year