5. Ellie Corporation reports taxable income of $800,000 on its federal income tax return. Given the following information from the corporation's records, determine its book income.

Deduction for federal income taxes per

financial accounting records $272,000

Depreciation claimed on the tax return 140,000

Depreciation recorded on the financial accounting records 80,000

Dividends-received deduction (less than 20% owned) 48,000

Life insurance proceeds on death of corporate officer 90,000

a. $636,000.

b. $576,000.

c. $606,000.

d. $726,000.

e. $678,000.