QUESTION 30 Tree, Inc. has the following information for the current tax year? Gross sales $340,000 Cost of goods sold 50,000 Dividends received ( 10% owned domestic corp.) 50,000 Operating expenses 30,000 Charitable contributions 45,000 What is Tree's taxable income? A) $259,000 B) $254,000 C) $279,000 D) $310,000