e. $7,000 4. This year, Ace Corporation (a C corporation) had ordinary income from operations of $30,000, net long-term capital gain of $10,000 and net short-term capital loss of $15,000. What is Ace's taxable income? a) $25,000 b) $27,000 $30,000 d) $40,000 e) None of the above con ann that it had armire three vears ago for $68,000, If its adjusted basis when sold