SOLVE ALL PARTS RELATED TO THE PROBLEM TO FULLY SOLVE!

Boilermaker Inc. reported taxable income of $615,000 this year and paid federal income taxes of $129,150. Not included in the company's computation of taxable income is tax-exempt income of $41,750, disallowed meals and entertainment expenses of $48,500, and disallowed expenses related to the tax-exempt income of $1,800. Boilermaker deducted depreciation of $126,000 on its tax return. Under the alternative (E&P) depreciation method, the deduction would have been $83,500. Compute the company's current E&P. (Negative amount should be indicated with a minus sign.) Current E&P $