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The Collinsport Inn and Resort elected S status in 20X2 and has C corporation earnings and profits of $50,000 from its C corporation years. During

The Collinsport Inn and Resort elected S status in 20X2 and has C corporation earnings and profits of $50,000 from its C corporation years. During 20X5 the corporation's gross receipts are $120,000, which includes $75,000 of interest income. Expenses related to the interest income are $10,000. The corporation's excess passive investment income would be:

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