Raptor Corporation is a PHC for 2009 and reports $200,000 of taxable income on its federal income tax return.

Operating profit $100,000

Long-term capital gain 80,000

Dividends (20%-owned corporation) 90,000

Interest 100,000

Gross income 370,000

Salaries expense (50,000)

General and administrative expense (25,000)

Dividends-received deduction (72,000)

Taxable income $223,000

Regular tax liability $ 70,220

What is Raptor's PHC tax, assuming that it does not pay any dividends?