Grand River Corporation reported taxable income of $500,000 in 20x3 and paid federal income taxes of $180,000. Not included in the computation was a disallowed meals and entertainment expense of $3,900, tax-exempt income of $2,900, and deferred gain on a current-year transaction treated as an installment sale of $34,500. The corporation's current E&P for 20X3 would be: Multiple Choice 0 $531,600. 0 $500,000 0 $353,500. 0 $322,900