Monroe Corporation reported the following results for the current year:

Gross income from operations		$150,000
Operating expenses		145,000
Dividends from 30% owned domestic corporation		100,000
Long-term capital gain		2,000
Short-term capital loss		(3,000)
Charitable contributions		15,000

In addition to the above, Monroe Corporation has a $5,000 NOL carryforward available from last year. What is Monroe Corporations taxable income for the current year?

Select one:

a. $28,250

b. $19,050

c. $19,500

d. $14,000