Westwind Corporation Reports the Following Results for the Current Year

Westwind Corporation reports the following results for the current year: $\begin{array}{lr}\text { Gross profit on sales } & \$ 250,000 \\\text { Long- term capital gain } & 25,000 \\\text { Long-term capital loss } & 10,000 \\\text { Short- term capital gain } & 7,500 \\\text { Short- term capital loss } & 12,500 \\\text { Operating expenses } & 80,000\end{array}$ What are Westwind's taxable income and regular tax liability before credits for the current year?