Brown Corporation, an accrual basis corporation, has taxable income of $150,000 in the current year. Included in its determination of taxable income are the following transactions.

	Brown incurred a $65,000 capital loss from the sale of stock. Because Brown had no capital gains this year, none of the loss is deductible.
	The corporations Federal income tax liability is $31,500.
	Brown incurred $18,000 in nondeductible meal expenses.
	Brown uses the LIFO method when accounting for inventory. This year, the companys LIFO recapture amount increased by $3,000.
	Brown claimed a dividend received deduction of $1,500.

What is Browns current E & P for the year?