For the year ending December 31, 2020, Clippers Inc. (taxed as a C-corporation) reported the following items on its financial book:

Sales $1,000,000

Cost of goods sold (580,00)

Long-term capital gains 9,000

Municipal bond interest income 3,000

Cash charitable contributions made (15,000)

Political contributions (170,000)

Federal income taxes paid (60,000

Additionally, for tax purposes, Clippers Inc. had an available net operating loss carryover (NOL) of $15,000 from last year. What is Clippers Inc.'s taxable income and clippers inc's current E&P for the year ending Dec 31,2021