Red Oak, Inc., manufactures and sells children toys. It also sells toys purchased from other manufacturers. During the current year, Red Oak had a profit of $130,000 (all of which is QPAI) from the sale of its own manufactured toys and a loss of $35,000 from the sale of the purchased toys.

If required, round your answers to nearest whole value.

Based on this information, Red Oaks taxable income is $.

Red Oaks DPAD is $.