Question: explain why A is the correct answer, show works Trail Corporation has gross profits on sales of $140,000 and deductible expenses of $180,000. In addition,

explain why A is the correct answer, show works

Trail Corporation has gross profits on sales of $140,000 and deductible expenses of $180,000. In addition, Trail has a net capital gain of $60,000. Trail's taxable income is $20,000. a $40,000 loss. a $20,000 loss. $60,000

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