What is the taxable income to be reported by bluebird


In 2010, bluebird corporation had operating income of $80,000 and operating expenses of $30,000. Further, Bluebird recognized a long-term capital loss of $20,000, a long-term capital gain of $10,000 and a short-term capital gain of $5,000. What is the taxable income to be reported by bluebird corporation in 2010?

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