Rose Corporation (a calendar year taxpayer) has taxable income of $400,000, and its financial records reflect the following for the year. Federal income taxes paid $90,000 45,000 deducted currently Depreciation deducted on tax retun (ADS depreciation would have been $20,000) 50,000 Interest income on lowa state bonds 3,000 Rose Corporation's current E & P is: O A. $388,000. O B. $263,000. O c. $318,000. O D. $218,000