Jagdon Corp.$\text{'}$s book income was $$150,000$ for the current year, including interest income from municipal bonds of $$5,000,$$$4,000$ in meals and entertainment, and $$6,500$ in premiums for life insurance for officers where Jagdon Corp was the beneficiary. Federal income tax expense of $$50,000$ was also included in Jagdon's books. What amount represents Jagdon's taxable income for the current year?

$$195,000$

$$215,000$

$$203,500$

$$185,000$