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LNS Corporation reports book profit of $ 2 , 0 0 0 , 0 0 0 . The $ 2 , 0 0 0 ,

LNS Corporation reports book profit of $2,000,000. The $2,000,000 included $15,000 of tax
exempt interest income, a capital loss of $2,000, depreciation expense of $6,000(while tax
depreciation would be $3,000) and Federal income tax expense of 320,000. What is LNS
Corporations taxable income for the year?

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