TGW, a calendar year corporation, reported $4,004,000 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 $456,000, and its MACRS depreciation deduction was $381,900. TGW capitalized $686,000 indirect expenses to manufactured inventory for book purposes and $818,000 indirect expenses to manufactured inventory for tax purposes. TGW's cost of manufactured goods sold was $2,565,000 for book purposes and $2,654,000 for tax purposes. Four years ago, TGW capitalized $2,298,000 goodwill when it purchased a competitor's business. This year, TGW's auditors required the corporation to write the goodwill down to $1,540,000 and record a $758,000 goodwill impairment expense. 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