VanVoorst Realty, Inc. a real estate brokerage firm and calendar year C Corp, had the following income and expenses:

Commissions income 175,000

Commission Expense to non-brokers

(illegal under state law) 10,000

Commission Expense to legal brokers 11,500

Travel and Transportation 12,000

Supplies 5,000

Office Rent 8,500

Bribes to zoning commissioners 2,500

How much taxable income must VanVoorst Realty, Inc. report from this business?