What effect do the following transactions have on the calculation of Young Corporation’s current E&P? Assume that the starting point for the calculation is Young’s taxable income for the current year.

a. The corporation earns tax-exempt interest income of $10,000.

b. Taxable income includes a $10,000 dividend and is reduced by a $5,000 dividends-received deduction.

c. A $5,000 capital loss carryover from the preceding tax year offsets $5,000 of capital gains.

d. The corporation accrued federal income taxes of $25,200.