Chapter 19, Problem 19.13BE

Please explain the correct approach for solving this general accounting question.

Robin Corporation has ordinary income from operations of $30,000, net long-term capital gain of $10,000, and net short-term capital loss of $15,000. What is the taxable income for 2010? a) $25,000. b) $27,000. c) $28,500. d) $30,000. e) None of the above.

Please explain the solution to this financial accounting problem using the correct financial principles.