Beola Corporation, your new client, is facing a possible Personal Holding Company Tax (Section 541) or Accumulated Earnings Tax (Section 531) for the current tax year. Beola Corporation has provided you the following information for the current tax year: Taxable Income S696,000 Dividends Received Deduction 92,000 Accumulated Earnings Credit 65,800 Dividends Paid 136,000 Federal Income Taxes 146,160 Excess Charitable Contributions 49,400 REQUIRED: Compute the Personal Holding Company Tax (Section 541) for Beola Corporation for the current tax year.