Perk Corporation is subject to tax only in State A. Perk generated the following income and deductions.

Federal taxable income ………………………............…………..    $300,000

State A income tax expense ………………...........……………..       15,000

Refund of State A income tax  ………………….………..                   3,000

Depreciation allowed for Federal tax purposes …………      200,000

Depreciation allowed for state tax purposes ……………       120,000

Federal taxable income is the starting point in computing A taxable income. State income taxes are not deductible for A tax purposes. Determine Perk’s A taxable income.