Grand River Corporation reported taxable income of $500,000 in 2018 and paid federal income taxes of $170,000. Not included in the computation was a disallowed meals and entertainment expense of $2,000, tax-exempt income of $1,000, $3000 for lobbying expenses and E&P depreciation of $2000, exceeds taxable depreciation by $1000. The corporation's current earnings and profits for 2018 would be:

A) $524,000

B) $325,000

C) $330,000

D) $331,000