Grand River Corporation reported taxable income of $550,000 in 20x3 and paid federal Income taxes of $187.000. Not Included in the computation was a disallowed meals and entertainment expense of $2,100, tax- exempt income of $1,100, and deferred gain on a current year transaction treated as an installment sale of $25,500. The corporation's current earnings and profits for 20X3 would be: Multiple Choice $574.400 $550.000 $387,500 $364,100