This year, Ace Corporation (a C corporation) had ordinary income from operations of $30,000, net long-term capital gain of $10,000 and net short-term capital loss of $15,000. What is Aces taxable income?

1. a) $25,000

2. b) $27,000

3. c) $30,000

4. d) $40,000

5. e) None of the above