7. L0.2 Sparrow Corporation (a calendar year, accrual basis taxpayer) had the following transactions in 2021, its second year of operation: Sparrow uses the LIFO inventory method, and its LIFO recapture amount increased by $10,000 during 2021 . In addition, Sparrow sold property on installment during 2020 . The property was sold for $40,000 and had an adjusted basis at sale of $32,000. During 2021 , Sparrow received a $15,000 payment on the installment sale. Finally, assume that no additional first-year depreciation was claimed. Compute Sparrow's current E \& P