Prime Corp. is an accrual basis, calendar year $C$ corporation. Its current year reported book income before federal income taxes was $$300,000,$ which included $$17,000$ corporate bond interest income. A $$20,000$ expense for term life insurance premiums on corporate officers was incurred. Prime was the policy owner and beneficiary. What was Prime's current year taxable income as reconciled on Prime's Schedule M$-1,$ Reconciliation of Income $($Loss$)$ per Books With Income per Return, of Form $1120,$ U$.$S$.$ Corporation Income Tax Return?

A$.$ $$320,000$

B$.$ $$300,000$

C$.$ $$283,000$

D$.$ $$280,000$