Boilermaker Incorporated reported taxable income of $930,000 this year and paid federal income taxes of $195,300. Not included in the companys computation of taxable income is tax-exempt income of $39,000, disallowed meals and entertainment expenses of $33,750, and disallowed expenses related to the tax-exempt income of $3,600. Boilermaker deducted depreciation of $137,000 on its tax return. Under the alternative (E&P) depreciation method, the deduction would have been $81,000. Compute the companys current E&P.

Current E&P EA $ 0