I need the computation for the following: Ironwood Corporation has ordinary taxable income of $40,000 for calendar- year 2012, and a long-term capital loss of $20,000. What is the corporations tax liability for 2012? a. $ 4,500 b. $ 6,000 c. $ 7,500 d. $ 10,000 e. None of the above

I know the answer is B, I just need the computation for the problem