D is wrong

Abbot Corporation reported a net operating loss of $330,000 in year 1, which the corporation elected to carry forward to year 2. Included in the computation was regular depreciation of $110,000 (E&P depreciation is $54,000), and a dividends received deduction of $29,000. The corporation's current earnings and profits for year 1 would be: ($303,000). ($245,000). ($330,000). ($274,000)