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Susie Corp makes rubber chickens and has the following items in 2020. Gross Revenue: $150,000 Cost of Goods Sold: $60,000 Rent Expense: $15,000 Interest Expense:

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Susie Corp makes rubber chickens and has the following items in 2020. Gross Revenue: $150,000 Cost of Goods Sold: $60,000 Rent Expense: $15,000 Interest Expense: $3000 Parking tickets: $1500 Business meals: $2500 Officer Life Insurance Premiums (Susie Corp is beneficiary): $5000 What is the corporation's taxable income? a. $63,000 b. $70,750 c. $69,500 Od. None of these $69,250

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