During a recent IRS auditthe revenue agent decided that Apple, an individual, used his closelyheld corporationFruit Tree Inc, to avoid shareholder tax by accumulating earnings beyond the reasonable needs of the business. Fruit Tree inc's taxable income for the year was \$925,000 and it paid no dividends. Compute Fruit Tree Inc's accumulated earnings tax, assuming that it had accumulated \$240.5 after tax income in prior years. Also assume that the accumulated earnings tax rate is 20% and up to \$250,00 can be accumulated without incurring the accumulated earnings tax