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Wonka Corporation reports the following results for the current year: Gross profits on sales $150,000 Long-term capital gain 8,000 Long-term capital loss 15,000 Short-term capital

Wonka Corporation reports the following results for the current year:

Gross profits on sales $150,000

Long-term capital gain 8,000

Long-term capital loss 15,000

Short-term capital gain 10,000

Short-term capital loss 2,000

Operating Expenses 61,000

What are Wonkas taxable income and income tax liability for the current year?

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