Partnership M, a law partnership, had the following items for the current year:

Income from clients	$200,000
Repairs	1,000
Depreciation	2,000
Dividends on capital stock	500
Other operating expenses	125,000
Charitable contributions	1,500
Sec. 1231 gain on sale of office furniture	1,200
Sec. 1245 gain on sale of office furniture	1,000

What is M's ordinary income?

	a	$73,000
	b	$72,700
	c	$73,500
	d	$70,500