Consider the following data for $2011$ from $an$ after tax cash flow analysis.

What $is$ the taxable income for $2011?$

Before Tax Cash Flow $=$$$23,000$

Loan Principal Payment $=$$$3,203$

Loan Interest Payment $=$$$3,877$

Depreciation Deduction $=$$$12,490$

Taxes Due $=$$$2,255$

After Tax Cash Flow $=$$$21,530$

$a.$ $$40,000$

$c.$ $$6,633$

$b.$ $$35,540$

$d.$ $$28,460$