The following data summarizes the operations of Kopy Kat Inc. for the year ended Dec. 31, 2018;

Loss from an active business$(95,000)

Dividend income from taxable Canadian corporations 22,500

Taxable capital gains6,250

Allowable capital losses(4,375)

Donations paid to registered charities3,500

The corporation had the following carry forward balances at the end of December 31, 2017:

Donations made in 2013 to registered charities$1,050

Net capital losses which arose in 2003 6,000

Required:

The company's non-capital loss for income tax purposes for 2018 is:

a) $ 70,625

b) $ 95,000

c) $ 68,750

d) $ 93,125

c) none of the above