Boilermaker Incorporated reported taxable income of $$765,000$ this year and paid federal income taxes of $$160,650.$ Not included in the company's computation of taxable income is tax$-$exempt income of $$22,500,$ disallowed meals and entertainment expenses of $$42,250,$ and disallowed expenses related to the taxexempt income of $$1,200.$ Boilermaker deducted depreciation of $$146,000$ on its tax return. Under the alternative $($E&P$)$ depreciation method, the deduction would have been $$75,500.$ Compute the company's current E&P$.$

Note: Negative amount should be indicated with a minus sign.

Answer is complete but not entirely correct.

$\backslash$table$[[$Taxable income,,$$765,000$