Question $3$

$2$ pts

Elk, a C corporation, has $$80,000$ of operating income for the year before considering a $$10,000$ long$-$term capital gain and a $$17,000$ short$-$term capital loss. Elk's taxable income is:

$$ $$80,000$

$$63,000$

$$73,000$

$$90,000$

None of these.