Jones Co. (Jones) has a net income for accounting purposes before tax of $415,000 in the current year. The following items were deducted in the calculation of accounting net income before tax: $10,000 of charitable donations and gifts $115,000 of depreciation and amortization $23,500 of warranty expense $18,000 loss on sale of equipment As well, capital cost allowance for the year has been correctly calculated as $108,500. The equipment was sold for $220,000 (original cost of $300,000) and at the time of the sale, the equipment had an undepreciated capital cost (UCC) of $209,000. Jones incurred $12,500 of actual costs related to warranty work on its defective products sold. Which of the following is Jones' net income for the current year?