Drab Corporation, a calendar year S corporation, had the following transactions during 2017:

Sales$1,500,000

Cost of Goods Sold$700,000

Long-term capital gain$10,000

Short-term capital loss$5,000

Political lobbying expenditures$5,000

Amortization of organizational expenditures$2,000

Salary expense$100,000

Rent expense$140,000

Tax-exempt interest income$10,000

Dividends paid to shareholders$45,000

Q:

Drab Corporation's taxable income which passes through to each shareholder as of the last day of the S corporation's tax year is