ParentCo and SubCo report the following items of income and deduction for the current year. ParentCo's SubCo's Taxable Item Taxable Income Income Income (loss) from operations $100,000 $10,000 (10,000) § 1231 loss Capital gain Charitable contribution 20,000 12,000 1,000 Compute ParentCo and SubCo's current year taxable income or loss computed on a separate basis. ParentCo SubCo a. $81,000 $21,000 b. $81,000 $22,000 C. $70,000 $22,000 d. $70,000 $21,000 0000