Polk Corporation, a cash basis taxpayer, has taxable income of $500,000 for the current year. Polk elected $200,000 of 179 expense. It also had a related party loss of $20,000 and a realized (not recognized) gain from an involuntary conversion of $75,000. It paid Federal income tax of $150,000 and paid a nondeductible fine of $10,000. Polk's current E & P is:

Select one:

A. $400,000.

B. $410,000.

C. $320,000.

D. $480,000.

E. None of the above.