G Corporation has taxable income for 20X6 of $50,000. For 20X8 G received dividend income of $10,000 and took a dividends received deduction of $7,000. They had allowable business meals and entertainment of $2,000. In addition, the corporation deducted charitable contributions in 20X6 of $3,000 which were carried over from 20X5 due to the taxable income limitation in 20X5. Ignoring federal income taxes, what are Glass Corporations earnings and profits for 20X8?