Maxwell Smart has the following information for tax year 2023 1. Smart Roofing (a sole proprietorship) Revenues - $300,000; Expenenses - $200,000 250% of self-employment tax $7,065 3. Receipt of $50,000 of life insurance proceed due to death of his aunt. 4 Sale of Tesla stock (purchased 7/2/22, sold 5/29/23) for a gain of $24,000. 5. Sale of Disney stock (purchased 2/17/19; sold 8/24/23 ) for a loss of $31,000 What is Maxwell's taxabel income for 2023 ? A. $75,935 B. $124,235 C. $70,235 D. $74,235