First you will need to go to the IRS website and find a copy of Form $1120.$ On that form you will find a schedule M$-1.$ Download or print out the schedule. You will need to use the schedule to get the answer to this question.

The following information for $2022$ relates to Jasper Corporation, Inc. a calendar year, accrual method taxpayer.

Net Income per books $($after tax$)$ $$205,050$

Federal income tax per company books $$55,650$

Tax$-$Exempt interest income $$4,500$

MACRS depreciation in excess of straight line

depreciation used for financial purposes $$7,200$

Excess of capital loss over capital gains $$9,400$

Nondeductible meals and entertainment $$5,500$

Interest on loan to purchase tax exempt bonds $$1,100$

Calculate the Jasper Corporation, Inc. federal taxable income for $2022.($Show me your calculations$)$