taxable income determination

Quince company has book income of $120,000 properly determined in accordance with financial accounting principles. The following information is also available:

* The company received a $10,000 dividend from a large publicly traded domestic corporation of which it owns less than 20%.
* income tax expense on financial statements was $30,000.
*Depreciation expense on the financial statements is $25,000 less than depreciation expense determined using tax laws.
* The company recieved life insurance proceeds of $15,000.
*Charitable contributions of $20,000 were made.

Determine the taxable income of Quince Company

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