November Corporation (the Company) was organized on January 1, 2022, when Jason purchased all the Company's common stock for a total purchase price of $250,000. Immediately after organization of the Company, the IRS approved the Company's application (Form 2553) to be an S Corporation effective January 1, 2022. The Company uses the accrual method of accounting and files federal and Virginia income tax returns on a calendar year basis. Selected information from the Company's books, records, and tax returns for the years 2022 and 2023 follows. 2022 2023 Revenues 2,000,000 3,000,000 Cost of goods sold (1,600,000) (2,200,000) Gross profit 400,000 800,000 Interest income 5,000 3,000 Instalment sale taxable gain 25,000 30,000 Administrative expenses 100,000 120,000 Depreciation (Section 179) 50,000 0 Taxable income 280,000 713,000 Required Calculate the Company's Accumulated Earnings and Profits as of the end of December 31, 2022, and 2023