Magic Corporation was a C corporation from its inception. On 1/1/20, Magic made an S Corporation Election. Magic had $250,000 of earnings and profits as of the end of 2020. Magic reported the following items for its 2020: Sales $450,000 Cost of Goods Sold (150,000) Interest Income 350,000 What is Magic Corporation's excess net passive income tax for 2020 (assume its corporate tax rate is 21%)