A manufacturing corporation has accumulated E\&P of $210,000 and current E\&P of $65,000. Accumulated taxable income, before reduction for the accumulated earnings credit, is $90,000 for the current year No dividends were paid during the year. The corporation has an increase in reasonable business needs of $35,000 which it take out of current E\&P. If the corporation is not a service corporation and has reported no long-term capital gains, what is the amount of earnings subject to the accumulated earnings tax (ie what is accumulated taxable income after taking into account the accumulated earnings credit)? A) 550,000 B) 540,000 C) 590,000 D) 560,000