Drab Corporation, a calendar year S corporation, had the following transactions during 2018. Sales $1,500,000 Cost of Goods Sold $700,000 Long-term capital gain $10,000 Short-term capital loss $5,000 Amortization of organizational expenditures $1,000 Salary expense $100,000 Rent expense $50,000 Tax-exempt interest income $10,000

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