The Allwardt Trust is a simple trust that correctly uses the calendar year for tax purposes. Its income beneficiaries (Lucy and Ethel) are entitled to the trusts annual accounting income in shares of one-half each.

For the current tax year, Allwardt reports the following.

Ordinary income	$100,000
Long-term capital gains, allocable to corpus	$30,000
Trustee commission expense, allocable to corpus	$5,000

What is the trusts taxable income?