Oolong Corporation is a calendar year, accrual basis corporation. For 2022, the corporate tax returns reports $475,740 in taxable income. In addition, the corporation provides the following information: Federal Income tax liability paid $ 95,148 Tax-exempt interest income 6,250 Entertainment Expense 4,750 Excess of capital losses over capital gains 14,000 MACRS cost recovery deduction 79,000 E