X, is an accrual method, calendar year, taxpayer in the business of sponsoring classical music concerts. X sponsored a concert performed on December 23, 2003. X generated $120,000 of revenue from this concert. In connection with this concert X had the following expenses: (i) X rented a concert venue for one night (the night of the 23rd) at Lincoln center for $30,000, which X paid on December 21, 2023, (ii) X hired performers (for the one night performance on Dec. 23) whom X paid $25,000 on January 4, 2024, and (iii) X hired a clean-up agency to restore the concert hall to its original condition. X hired and paid the clean-up agency $17,000 on December 29, 2023, and the agency actually cleaned up the concert hall on January 5, 2024. What is X' net income from THIS concert for 2023?

a. $90,000

b. $73,000

с. $65,000

d. $48,000

e. None of a-d is correct