MajorCo and MinorCo Had the Following Items of Income and Deduction

MajorCo and MinorCo had the following items of income and deduction for the current year: $\begin{array}{ccc} &\text { MajorCo's } & \text { MinorCo's Taxable }\\\text { Item } & \text { Taxable Income } & \text { Income } \\\hline \text { Income (loss) from Operations }&\$90,000&\$35,000\\\S 1231 \text { Loss }&(15,000)\\\text { Capital Gain (Loss) }&(12,000)&20,000\\\text { Charitable Contribution }&30,000&22,000\end{array}$ Compute MajorCo and MinorCo's taxable income or loss computed on a separate basis. $\begin{array}{lll}&\text { MajorCo }&\text { MinorCo }\\\text { a. } & \$ 45,000 & \$ 33,000 \\\text { b. } & \$ 56,700 & \$ 31,500 \\\text { c. } & \$ 67,500 & \$ 49,500 \\\text { d. } & \$ 75,000 & \$ 33,000 \\\text { e. } & \$ 75,000 & \$ 55,000\end{array}$