Problem 13-58 (LO 13-2) (Algo) LNS Corporation reports revenues of $2,210,000. Included in the $2,210,000 is $30,500 of tax-exempt interest income. LNS reports $1,372,500 in ordinary and necessary business expenses. What is LNS Corporation's taxable income for the year? Answer is complete but not entirely correct. Taxable income $ 717,000