For 2011,M & K Corporation Had Taxable Income of $125,000

For 2011,M & K Corporation had taxable income of $125,000 before capital gains of $20,000,capital losses of $15,000,and a capital loss carryover from 2010 of $10,000.For 2011,M & K Corporation has:

A) Taxable income after capital gains and losses of $120,000.
B) A capital loss carryover of $25,000.
C) Net taxable capital gains of $5,000.
D) Deductible capital losses of $20,000.