89 Orchard, Inc. reported taxable income of $800,000 in 20x3 and paid federal income taxes of $272,000. Included in the company's computation of taxable income is gain from sale of a depreciable asset of $200,000. The income tax basis of the asset was $50,000. The E&P basis of the asset using the alternative depreciation system was $75,000. Compute the company's current E&P for 20X3. points Essay Toolbar navigation (8 01:33:45 BI S E E S A - A