Problem $18-49($LO $18-2)($Static$)$

$[$The following information applies to the questions displayed below.$]$

Tiny and Tim each owns half of the $100$ outstanding shares of Flower Corporation. This year, Flower reported taxable income of $$6,000.$ In addition, Flower received $$20,000$ of life insurance proceeds due to the death of an employee $($Flower paid $$500$ in life insurance premiums this year$).$ Flower had $$5,000$ of accumulated E&P at the beginning of the year.

Note: Leave no answer blank. Enter zero if applicable.

Problem $18-49$ Part a $($Static$)$

a$.$ What is Flower's current E&P$?$

Current E&P