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For the current year, Beech Corporation has net income on its books of $60,000, including the following items: Net capital losses $15,000 Federal income tax

For the current year, Beech Corporation has net income on its books of $60,000, including the following items: Net capital losses $15,000 Federal income tax expense 25,000 Federal tax depreciation exceeds the depreciation deducted on the books by $5,000. What is the corporation's taxable income? a. $95,000 b. $103,000 c. $66,000 d. $90,000

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