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LNS corporation reports book revenue of $2,040,000. Included in the $2,040,000 is $36,500 of tax-exempt interest income. LNS reports $1,707,500 in ordinary and necessary business

LNS corporation reports book revenue of $2,040,000. Included in the $2,040,000 is $36,500 of tax-exempt interest income. LNS reports $1,707,500 in ordinary and necessary business expenses. What is LNS Corporations taxable income for the year?

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