The Lilo Trust incurred the following items during the year.

Interest income, taxable	$70,000
Interest income, tax-exempt	30,000
Long-term capital gains	25,000
Trustee fee	2,000

The trust agreement provides that capital gains are allocable to income but is silent concerning the allocation of all other items. Calculate accounting income.

Group of answer choices

$96,000

$101,000

$124,000

$125,000