omework Saved Bollermaker Incorporated reported taxable income of $965,000 this year and paid federal income taxes of $202,650. Not Included in the company's computation of taxable Income is tax-exempt Income of $35,750, disallowed meals and entertainment expenses of $40.750, and disallowed expenses related to the tax-exempt income of $2,200. Bollermaker deducted depreciation of $164,000 on its tax return. Under the alternative (E&P) depreciation method, the deduction would have been $78,000. Compute the company's current E&P (Negative amount should be indicated with a minus sign.) Taxable income Current E&P