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Sunshine Company has book income of $25,000. It also has tax depreciation in excess of book depreciation of $30,000 and $10,000 of interest on tax-exempt

Sunshine Company has book income of $25,000. It also has tax depreciation in excess of book depreciation of $30,000 and $10,000 of interest on tax-exempt bonds. Without regard to tax expense, what is Sunshine's taxable income?

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