Abbot Corporation reported a net operating loss of $550,000 in 20X3, which the corporation elected to carryforward to 20X4. Included in the computation of the loss was regular depreciation of $250,000 (E&P depreciation is $60,000), first year expensing under 179 of $65,000, and a dividends received deduction of $11,500. The corporation's current earnings and profits for 20X3 would be: