Johnson Corporation's 2018 Business Operating Income Is $200,000

Johnson Corporation's 2018 business operating income is $200,000. Johnson also recognizes an $8,000 Section 1231 loss, an $11,000 Section 1231 gain, and a $5,000 long-term capital loss from the sale of investment securities. What is Johnson Corporation's 2018 taxable income?

A) $195,000
B) $198,000
C) $200,000
D) $203,000
E) $211,000