Grand River Corporation reported taxable income of $800,000 in 20X3 and paid federal income taxes of $272.000 Not included in the computation was a disallowed meals and entertainment expense of $2600, tax-exempt income of $1,600, and deferredg year transaction treated as an installment sale of $28,000. The corporation's current earnings and profits for 20X3 would be: ain on a current Multiple Choice $529,600. $800,000 $826,400 $555,000