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LNS corporation reports book revenue of $2,720,000. Included in the $2,720,000 is $31,000 of tax-exempt interest income. LNS reports $2,485,000 in ordinary and necessary business

LNS corporation reports book revenue of $2,720,000. Included in the $2,720,000 is $31,000 of tax-exempt interest income. LNS reports $2,485,000 in ordinary and necessary business expenses. What is LNS Corporations taxable income for the year?

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