Please assist!

Boilermaker Incorporated reported taxable income of $500,000 this year and paid federal income taxes of $105,000. Not included in the company's computation of taxable income is tax-exempt income of $20,000, disallowed meals and entertainment expenses of $30,000, and disallowed expenses related to the tax-exempt income of $1,000. Boilermaker deducted depreciation of $100,000 on its tax return. Under the alternative (E\&P) depreciation method, the deduction would have been $60,000. Compute the company's current E\&P. Note: Negative amount should be indicated with a minus sign