XORO has had taxable losses for the previous three years resulting in tax loss carryforwards available at the end of 20X3 of $90,000 which have never been recognized in the books. In 20X4, the company had the following: Accounting income before taxes and depreciation of $30,000; depreciation of $35,000 and CCA of $70,000. Based on this information, what would be the company's taxable income using the best tax planning strategy available to XORO? Multiple Choice Taxable loss of $35,000 Taxable loss of $5,000. Taxable income of $65,000 Taxable income of nil