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Boilermaker Incorporated reported taxable income of $ 7 2 5 , 0 0 0 this year and paid federal income taxes of $ 1 5

Boilermaker Incorporated reported taxable income of $725,000 this year and paid federal income taxes of $152,250. Not included in the company's computation of taxable income is tax-exempt income of $37,500, disallowed meals and entertainment expenses of $53,750, and disallowed expenses related to the tax-exempt income of $3,300. Boilermaker deducted depreciation of $193,000 on its tax return. Under the alternative (E&P) depreciation method, the deduction would have been $78,250. Compute the company's current E&P.
Note: Negative amount should be indicated with a minus sign.

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