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Butter Corp., a publicly traded C corporation, reports book income of $ 1 2 7 , 6 2 7 , 4 6 3 in 2

Butter Corp., a publicly traded C corporation, reports book income of $127,627,463 in 2024.
Included in the $127,627,463 is key person life insurance proceeds of $143,899 and
corporate bond interest of $111,257.
Butter Corp. reports book expenses of $58,180,294 in 2024. Included in this is $32,167 in life
insurance premiums on a key person life insurance policy, $2,441,488 in compensation paid to
Butter Corp.'s CEO (a covered employee), and ordinary & necessary marketing expenses of
$1,356,978. The book expenses of $58180294 also includes federal income tax expense of
$18750000(assume this amount is correct) and depreciation in the amount of $1,084,393.
Tax depreciation for 2024 is $1,863,944.
What is Butter Corp.'s taxable income for 2024?
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