Topaz Corporation Had the Following Income and Expenses During the Current

Topaz Corporation had the following income and expenses during the current year: $\begin{array}{|l|r|}\hline\text { Revenues } & \$ 80,000 \\\hline \text { Expenses } & 30,000 \\\hline \text { Gains on sale of capital assets } & 5,000 \\\hline \text { Losses on sale of capital assets } & (25,000) \\\hline\end{array}$ What is Topaz's taxable income?

A) $30,000
B) $50,000
C) $52,000
D) $20,000