Alfix, a calendar year corporation, reported $789,300 net income before tax on its financial statements prepared in accordance with GAAP. The corporations records reveal the following information:

Depreciation expense per books was $15,890, and MACRS depreciation was $40,120.

Two years ago, Alfix exchanged one tract of investment land (Whiteacre) for a different tract of investment land (Greenacre). Alfixs tax basis in Whiteacre was $500,000, and Greenacres FMV was $835,000. This year, Alfix sold Greenacre for $820,000 cash.

Alfix transferred business property worth $112,000 to Dundee Inc. in exchange for 400 shares of Dundee stock. After the exchange, Dundee had 800 shares of stock outstanding. Alfix had a $91,000 book basis and a $68,200 tax basis in the business property.

Compute Alfixs taxable income.