Boilermaker Inc. reported taxable income of $835,000 this year and paid federal income taxes of $175,350. Not included in the companys computation of taxable income is tax-exempt income of $39,500, disallowed meals and entertainment expenses of $42,500, and disallowed expenses related to the tax-exempt income of $1,400. Boilermaker deducted depreciation of $133,000 on its tax return. Under the alternative (E&P) depreciation method, the deduction would have been $70,500. Compute the companys current E&P. (Negative amounts should be indicated with a minus sign.)