7 Problem Exams Help Save & Exit Submit Gator Inc. reported taxable income of $1,100,000 this year and paid federal income taxes of $374,000. Included in the company's computation of taxable income is gain from the sale of a depreciable asset of $74,500. The income tax basis of the asset was $149,000. The E&P basis of the asset using the alternative depreciation system was $248,700. Compute the company's current E&P (Negative amounts should be indicated with a minus sign.) Current E & P