In the current year, Red Corporation received dividend income of $$20,000$ from a corporation in which it holds a $10\%$ interest. Red also received $$4,000$ interest income from municipal bonds. Red had borrowed the funds to purchase the municipal bonds and paid $$2,000$ in interest on the loan. Reds taxable income exclusive of the items noted above was $$15,000.$ What is Red Corporations taxable income and E&P as of year$-$ end $($assume Reds E&P account was $$9,000$ as of the beginning of the year$)?$