Packard Corporation reported taxable income of $1,370,000 in year 3 and paid federal income taxes of $218,000. Included in the year 3 taxable income computation was a dividends received deduction of $6,600, a net capital loss carryover from year 2 of $18,000, and gain of $46,000 from an installment sale that took place in year 1. The corporation's current earnings and profits for year 3 would be: