Heritage Inc. has the following book-tax difference items: - non-taxable interest $5,000 - Non-deductible life insurance premium for key-employees $45,000 - Business entertainment costs of $64,000 the following is the incomplete Schedule M-1. Please figure out the taxable income for the M1. Taxable income (line 28 of Fc A. Heritage's taxable income is $31,200. B. Heritage's taxable income is $121200. C. Heritable taxable income is $159,200. D. Heritage taxable income is $249,200