$(10$ points, $2$ point each$)$ Chapter $5.$ SPA Corporation had the following transactions in $2016,$ its second year of

operation. Determine its current E&P for $2016.$

Determine SPA's current E&P in $2016$ using the following table. Specifically, adjust each item below from

Taxable Income to arrive at current E&P$.$

What is $b?$