A Corp has a net income per books of $108,750. The following book-tax differences were found: Federal income tax expense per books is $22,837 Equipment with a book value of $20,000 was sold for $15,000. Tax basis was $0. Meals totaled $1,000. Fervor paid $8,000 in life insurance premiums on key employees. Tax depreciation is $175,500. Book depreciation under straight line is $20,000. Fervor incurred a net capital loss of $3,000. What is the taxable income before NOL & DRD?