Packard Corporation reported taxable income of $1,000,000 in year 3 and paid federal income taxes of $210,000. Included in the year 3 taxable income computation was a dividends received deduction of $5,000, a net capital loss carryover from year 2 of $10,000, and gain of $50,000 from an installment sale that took place in year 1. Compute the corporation's current earnings and profits for year 3.