Mr and Mrs Their AGI Before Consideration of These Gains and Losses Was

Mr. and Mrs. Philips recognized the following capital gains and losses this year. $\begin{array}{lll}\text { Short-term capital gain } & \$ & 10,000 \\\text { Short-term capital loss } & \$ & (4,000 ) \\\text { Long-term capital gain } & \$ & 45,000 \\\text { Long-term capital loss }& \$ & (60,000) \end{array}$ Their AGI before consideration of these gains and losses was $140,000. Compute their AGI.

A) $140,000
B) $131,000
C) $137,000
D) $143,000