Cardinal Corporation, a calendar year taxpayer, receives dividend income of \\( \\$ 250,000 \\) from a corporation in which it holds a \10 interest. Cardinal also receives interest income of \\( \\$ 35,000 \\) from municipal bonds. (The municipality used the proceeds from the bond issue to construct a public library.) Cardinal borrowed funds to purchase the municipal bonds and pays \\( \\$ 20,000 \\) of interest on the loan. Excluding these three items, Cardinal's taxable income is \\( \\$ 500,000 \\), on which it paid Federal income tax of \\( \\$ 131,250 \\) during the year. Click here for the Dividend Received Deduction Table. a. After these items are taken into account, Cardinal's taxable income is \\( \\$ \\quad \\mathbf{X} \\). Feedback Check My Work b. Cardinal's accumulated E \\& P at the end of the tax year if its beginning E \\& P balance was \\( \\$ 150,000 \\) is \\( \\$ \\)