The following data of ABC Ltd. relates to the current year:

Hint: Depreciation and depletion follows same treatment for tax purposes:

pre-tax accounting income $20,000

depletion

tax $4000

books $2000

Depreciation

Tax $10,000

Books $8,000

Dividends from a tax canadian corporation $6,000

False advertising fine (not deductible) $1,000

Compute taxable income for the year.

A: 1,300 B: 15,000 C: 17,000 D: 11,000