Starling and Bunting Had the Following Items of Income and Deduction

Starling and Bunting had the following items of income and deduction for the current year: $\begin{array}{ccc} &\text { Starling's }&\text { Bunting's Taxable }\\\text { Item } & \text { Taxable Income } & \text { Income } \\\hline \text { Income (loss) from Operations }&\$70,000&\$45,000\\\S 1231 \text { Loss }&(15,000) \\\text { Capital Gain (Loss) }&(12,000) &50,000\\\text { Charitable Contribution }&25,000&6,000\end{array}$ Compute Starling and Bunting's consolidated taxable income or loss.

A) $106,200.
B) $107,000.
C) $124,200.
D) $127,700.
E) $138,000.