Tuna corporation reported pretax book income of $1000000. During the current year, the net reserve for warranties increased by $25000. In addition, book depreciation exceeded tax depreciation by $10000. Finally, Tuna subtracted a dividends received deduction of $15000 in computing its current year taxable income. Book equivalent of taxable income is:

a. 1,125,000

b. 1,110,000

c. 1,015,000

d. 985,000