Problem
G, H and J are all regular corporations. G Corp has ordinary income (before Cash donations of $20,000 made by G Corp) totaling $100,000 H Corp has business total loss of $(50,000). J Corp has ordinary income of $75,000, exclusive of the cash donation that J Corp made (which totaled $40,000). G owns 100% of H and H owns 100% of J. These three corporations all join in the filing of a consolidated tax return - Form 1120. What is Consolidated Taxable Income of the Group?