Earnings and Profits. D Corporation's taxable income for the year was computed as follows: Gross income from operations. . . . . .. $1,000,000 (900,000) 100,000 20,000 Less: Operating expenses.. Net income from operations Long-term capital gain.. $15,000 (7,000) 8,000 Less: Capital loss carryover. Income before special deductions Net operating loss carryover .. Dividends-received deduction Total of special deductions. .. s 128,000 $9,000 16,000 (25,000) $ 103,000 Additional information: 1. The corporation received $5,000 in tax-exempt interest income. 2. Included in operating expenses is depreciation of $130,000. Straight-line depre- ciation of the depreciable assets would have been $50,000. Compute the earnings and profits of D Corporation for the current year