Winter Corporation's Taxable Income Is $500,000 What Is Winter's Financial Accounting Income?
A) $511,000
B) $518,000

Winter Corporation's taxable income is $500,000. In addition, Winter has the following items: $$\begin{array} { | l | r | } \hline \text { Depreciation for tax purposes } & \$ 60,000 \\\hline \text { Depreciation for financial accounting purposes } & 40,000 \\\hline \text { Net capital loss } & ( 2,000 \\\hline \text { Interest on loan to acquire ta-xexempt securities } & 7,000 \\\hline\end{array}$$ What is Winter's financial accounting income?

A) $511,000
B) $518,000
C) $513,000
D) $520,000