TGW, a calendar year corporation, reported $3,956,000 net income before tax on its financial statements prepared in accordance with GAAP. The corporation's records reveal the following information: TGW's depreciation expense per books was $452,000, and its MACRS depreciation deduction was $379,900. TGW capitalized $682,000 indirect expenses to manufactured inventory for book purposes and $810,000 indirect expenses to manufactured inventory for tax purposes. TGW's cost of manufactured goods sold was $2,561,000 for book purposes and $2,646,000 for tax purposes. Four years ago, TGW capitalized $2,274,000 goodwill when it purchased a competitor's business. This year, TGW's auditors required the corporation to write the goodwill down to $1,520,000 and record a $754,000 goodwill impairment expense. Required: Compute TGW's taxable income. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign.) Amount TGW's net book income before tax Adjustments: Depreciation Indirect inventory costs Cost of goods sold Book goodwill impairment expense Tax amortization of goodwill TGW's taxable income