in the current year, tanager corporation (a calendar year c corporation) had operating income of $480,000 and operating expenses of $390,000. in addition, tanager had a long-term capital gain of $55,000 and a short-term capital loss of $40,000.

a. compute tanager's taxable income and tax for the year.
taxable income: $
income tax: $

b. assume the same facts except that tanager's long-term capital gain was $15,000. compute tanager's taxable income and tax for the year.
taxable income: $
income tax: $