ParentCo and SubCo Had the Following Items of Income and Deduction

ParentCo and SubCo had the following items of income and deduction for the current year. $$\begin{array} { l c c } \text { Item } & \begin{array} { c } \text { ParentCo's } \\\text { Taxable Income }\end{array} & \begin{array} { c } \text { SubCo's Taxable } \\\text { In come }\end{array} \\\text { Income (loss) from Operations } & \$ 100,000 & \$ 10,000 \\\S 1231 \text { Loss } & ( 10,000 ) & \\\text { Capital Gain } & & 12,000 \\\text { Charitable Contribution } & 20,000 & 1,000\end{array}$$ Compute ParentCo and SubCo's taxable income or loss computed on a separate basis. ParentCo SubCo

A) $81,000 $21,000
B) $81,000 $22,000
C) $70,000 $22,000
D) $70,000 $21,000