In 2021, Godox Inc. generated sales revenue of $400,000. It had the following expenses: Cost of Goods Sold: $170,000 Salary: $65,000 Rent: $50,000 Meals & Entertainment: 24,000 (50% deductible as business expense, other 50% is considered a personal benefit by CRA) Motor Vehicle: 15,000 (It is estimated that 20% of this was for personal use) What is the Company's taxable income for tax purposes?

Select one:a. 91000b. 80600c. 76000d. 92000