Jaquelin Corporation (a calendar year taxpayer) has taxable income of $300,000, and its financial records reflect the following for the year.

Federal income taxes paid $110,000

Net operating loss carryforward deducted currently 70,000

Gain recognized this year on an installment sale from a prior year 44,000

Depreciation deducted on tax return (ADS depreciation would have been $10,000) 40,000

Interest income on Iowa state bonds 8,000

Jaquelin Corporations current E & P is:

a.	$254,000.
b.	$214,000.
c.	$194,000.
d.	$104,000.