Cardinal Corporation has net income per books of $450,000 for the year, including a provision for Federal income tax of $175,000. They had capital losses in excess of capital gains of $3,000; taxexempt interest of $100,000; officers' life insurance premiums of $2,000; tax depreciation in excess of books depreciation of $15,000; other non-deductible expenses of $10,000; and charitable contributions of $5,000. What is Cardinal's taxable income for the year? Suggest you refer to Schedule M-1 for reference to compute taxable income. $522,000$525,000$530,000$565,000