For the current tax year, S corporation BVX Inc. has $300,000 in gross receipts from business, $15,000 in net rental real estate loss, $4,000 in portfolio interest income, $10,000 in depreciation on equipment, and a $2,000 section 179 deduction on equipment purchased. BVX paid $40,000 in salaries and wages, including compensation to officers, and had $110,000 in other business deductions. How much ordinary business income is reported on the S corporation return for BVX Inc.?

a) $180,000 b) $127,000 c) $140,000 d) $138,000