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Hulk Corporation, a cash basis taxpayer, has taxable income of $500,000 for the current year. Hulk elected $25,000 of 179 expense. It also had a

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Hulk Corporation, a cash basis taxpayer, has taxable income of $500,000 for the current year. Hulk elected $25,000 of 179 expense. It also had a related party loss of $20,000 and a realized (not recognized) gain from an involuntary conversion of $75,000. It paid Federal income tax of $150,000 and paid a nondeductible fine of $10,000. What is Hulk's current E&P

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