Lanco Corporation, an accrual$-$method corporation, reported taxable income of $$1,890,000$ this year. Included in the computation of taxable income were the following items:

MACRS depreciation of $$259,000.$ Depreciation for earnings and profits purposes is $$134,000.$

A net capital loss carryover of $$16,800$ from last year.

A net operating loss carryover of $$27,300$ from last year.

$$74,700$ capital gain from the distribution of land to the company$$s sole shareholder $($see below$).$

Not included in the computation of taxable income were the following items:

Tax$-$exempt income of $$9,600.$

Life insurance proceeds of $$339,000.$

Excess current$-$year charitable contribution of $$5,000($to be carried over to next year$).$

Tax$-$deferred gain of $$21,500$ on a like$-$kind exchange.

Nondeductible life insurance premium of $$5,000.$

Nondeductible interest expense of $$3,600$ on a loan used to buy tax$-$exempt bonds.

Lanco's accumulated E&P at the beginning of the year was $$3,030,000.$ During the year, Lanco made the following distributions to its sole shareholder, Luigi:

June $30$: $$64,500.$

September $30$: Parcel of land with a fair market value of $$85,500.$ Lanco$$s adjusted tax basis in the land was $$10,800.$ Luigi assumed an existing mortgage on the property of $$21,200.$

Required:

Compute Lanco$$s current E&P$.$

Compute the amount of dividend income reported by Luigi this year because of the distributions.

Compute Lanco$$s accumulated E&P at the beginning of next year.

I have the dividend income correct at $$128,800.$ However, I keep getting the Current E and P incorrect. Can you help me$?$