Question $13$

Brantley Corporation reported pretax book income of $$346,000.$ During the current year, the reserve for bad debts increased by $$38,660.$ In addition, tax depreciation

exceeded book depreciation by $$35,510.$ Finally, the company received $$155,140$ of tax$-$exempt life insurance proceeds from the death of of its of

What is company's book equivalent of taxable income?

$?$

$190,860$ margin of error $\frac{+}{-}1$