Sharons total sales were $ 136,000 in cash and $ 60,999 in credit cards. Her accounting method is cash. Her business expenses were as follows:

Flowers $ 120,250

Helium for balloons 200

Balloons 399

Plants an greens 8,000

Business License 600

Rent 15,000

Liability Insurance 2,000

Business meals 460 (1/2 meals reduction) 230

Repair maintenance. 1,200

Fire Insurance 509

She also paid $ 350 in tax preparation fees last year. Included in the amount of tax preparation fees was $ 175 for preparing schedule C and Schedule SE as required for a sole proprietor.

Sharon paid federal estimated tax payments in the amount of $ 4,500 per quarter. All payments were made on time.

Question: What is the taxable income?

- $ 64,437

• $ 41,630
• $ 52,037
• $ 39,150