The Lagerstroemia Corporation Was Formed on January 1,2013

The Lagerstroemia Corporation was formed on January 1,2013.Calculate the Lagerstroemia Corporation's taxable income or loss for 2013 given the following information:
Business expenses other than organizational costs and
$\begin{array}{lr}\text { Gross receipts } & \$ 250,000 \\\text { Cost of goods sold } & \$ 150,000\\\text { Dividend income (from } 10 \text { percent-owned domestic corporation) }&\$35,000\\\text { Interest income }&\$15,000\end{array}$ $\begin{array}{lr}\quad \text { charitable contributions) } & \$ 125,000 \\\text { Charitable contributions } & \$ 5,000 \\\text { Organizational costs expensed } & \$ 5,000\\\text { Taxable income/(loss) }&\$\end{array}$