Boilermaker Inc. reported taxable income of $960,000 this year and paid federal income taxes of $201,600. Not included in the company's computation of taxable income is tax-exempt income of $28,750, disallowed meals and entertainment expenses of $44,500, and disallowed expenses related to the tax-exempt income of $3,700. Boilermaker deducted depreciation of $165,000 on its tax return. Under the alternative (E&P) depreciation method, the deduction would have been $79,750. Compute the company's current E&P.(Negative amounts should be indicated with a minus sign.)