Mary operates a proprietorship that generated $$100,000$ in income under GAAP.

Included in this amount are:

$$ $$7,000$ of amortization expense;

$$ $$4,000$ for bad debt expense;

$$ $$112,000$ cost of goods sold; and

$$ $$12,000$ meals and entertainment with clients.

Mary's maximum CCA has been calculated at $$10,000$ for the year.

How much is Mary's business income for tax purposes?

Question $3$ options:

$$113,000$

$$109,000$

$$107,000$

$$103,000$