For the current year, Corporation Z had $60,000 of taxable income from operations. It also sold depreciable assets to its 100% shareholder as follows:

Sale Date Property Sales Price

Cost

Total Depreciation

Claimed

Jan. 30 A $4,000 $8,000 $3,000 June 10 B 7,000 8,000 4,000 Dec 10 C 15,000 15,000 3,000

What is Z's corporate income tax for the current year?

$11,500

$9,750

$14,000

$11,250