During 2017, Thrasher (a calendar year, accrual basis S corporation) has the following transactions:

Sales $1,500,000

Cost of goods sold 900,000

Long-term capital gain 11,000

Short-term capital gain 5,000

Salaries 210,000

Qualified dividends from stock investments 30,000

Rent expense 170,000

Advertising expense 20,000

Interest expense on business loan 15,000

1231 gain 25,000

Organizational expenditures 3,000

Charitable contributions 5,000

Bad debt (trade account receivable deemed to be uncollectible) 10,000

Cash dividend distributed to shareholders 120,000

Determine Thrashers taxable income for 2017.