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Gator Inc. reported taxable income of $1,300,000 this year and paid federal income taxes of $273,000. Included in the company's computation of taxable income is

Gator Inc. reported taxable income of $1,300,000 this year and paid federal income taxes of $273,000. Included in the company's computation of taxable income is gain from the sale of a depreciable asset of $54,500. The income tax basis of the asset was $109,000. The E&P basis of the asset using the alternative depreciation system was $188,900. Compute the company's current E&P.(Negative amount should be indicated with a minus sign.)

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