In Year $1,$ Starke Corp., an accrual basis calendar year corporation, reported book income of $$380,000.$ Included in that amount was $$50,000$ municipal bond interest income, $$170,000$ for federal income tax expense, and $$2,000$ interest expense on the debt incurred to carry the municipal bonds. What amount should Starke's taxable income be as reconciled on Starke's Schedule M$-1$ of Form $1120,$ U$.$S$.$ Corporation Income Tax Return?

A$.$ $$330,000$

B$.$ $$500,000$

C$.$ $$502,000$

D$.$ $$550,000$