(Answered) Pelican corporation had 100000 operating income and 70000

Accounting

Pelican Corporation had $100,000 operating income and $70,000 of operating expenses during the year. In addition, Pelican had a $2,000 short-term capital gain and an $8,000 short-term capital loss. Compute Pelican's taxable income for the year.

a. $24,000
b. $30,000
c. $31,000
d. $32,000

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