Question $4$

Builfite had sales of $$900,000$ and COGS of $$400,000.$ In addition, operating expenses were calculated at $40\%$ of sales. Interest expense was $$20,000.$ Builtrite also received dividends of $$50,000$ and paid out common stock dividends of $$25,000$ to its stockholders. A long$-$term capital gain of $$40,000$ was realized during the year along with a capital loss of $$30,000.$

What is Builtrite's taxable income?

$$130,000$

$31450000$

$$180,000$

$1220,000$