Fast-forward a year. For the first year as a C-Corp. Joe had the following items but he doesn't know if they are included in the calculation of total corporate income. Calculate Be You Sailing Corp's gross income Gross Receipts - $24,000,000, Dividends $100,000 (from a Corporation they acquired this year to help with Catering on the boats), Cost of Goods Sold $125,000 from the clothing line we sale in the dock shop, Gross Rents $250,000, Capital Gain $200,000 from sale of an investment purchased this year, Returns $300,000 we had a couple of big charter sessions that didn't go as planned so we had to give those customers a return. 11. Total Income O a. 24,550,000 O b.24.425,000 O c. 24.125,000 O d. 24,250,000 O e. 24,125,000