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Scarlet Corporation, a C Corporation, owns 25% of the Gray Corporation stock. During 2019, Scarlet Corporation had gross revenue from operations of $1,000,000, deductible expenses

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Scarlet Corporation, a C Corporation, owns 25% of the Gray Corporation stock. During 2019, Scarlet Corporation had gross revenue from operations of $1,000,000, deductible expenses of $750,000, and received a $400,000 dividend from Gray Corporation. How much is Scarlet Corporation's taxable income for 2019? 400.000 370.000 250,000 330,000

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