Abbot Corporation reported a net operating loss of $440,000 in 20X3, which the corporation elected to carryforward to 20X4. Included in the computation of the taxable loss was regular depreciation of $140,000 (E&P depreciation is $60,000), first year expensing under $179 of $54,000, and a dividends received deduction of $10,400. The corporation's current earnings and profits for 20X3 would be: Multiple Choice ($306,400). ($349,600). ($440,000). ($554,000).