Builtrite had sales of $1,000,000 and COGS of $280,000. In addition, operating expenses were calculated at...

   

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Builtrite had sales of $1,000,000 and COGS of $280,000. In addition, operating expenses were calculated at 30% of sales. Builtrite also received dividends of $90,000 and paid out common stock dividends of $60,000 to its stockholders. A long-term capital gain of $70,000 was realized during the year along with a capital loss of $40,000 What is Builtrite's taxable income? $480,000 $447,000 $510,000 $387,000 O $477,000 Builtrite had sales of $1,000,000 and COGS of $280,000. In addition, operating expenses were calculated at 30% of sales. Builtrite also received dividends of $90,000 and paid out common stock dividends of $60,000 to its stockholders. A long-term capital gain of $70,000 was realized during the year along with a capital loss of $40,000 What is Builtrite's taxable income? $480,000 $447,000 $510,000 $387,000 O $477,000

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