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Conrad Corporation has $700,000 of taxable income. In determining its earnings and profits for the year, the accountant used the following information: a. Conrad received

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Conrad Corporation has $700,000 of taxable income. In determining its earnings and profits for the year, the accountant used the following information: a. Conrad received a dividend of $20,000 from a company in which it has a 60 percent interest. b. It used a $30,000 capital loss carryover to offset its entire capital gain. c. It had a taxable income of $ 1,000,000 and made charitable contributions of $512,000. d. It had a loss of $20,000 on the sale of some investments to its sole shareholder. e. It received $ 10,000 in interest on City of Cleveland bonds. f. It paid a federal tax of $272,000. What is the corporation's current earnings and profits

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