The following information for 2014 relates to Brown Corp, a calendar year, accrual method taxpayer.

Net Income per books (after-tax) $175,000 Federal income tax per books 42,250 Tax-exempt interest income 10,250 Life insurance proceeds received as a result of death of corporate president 102,000 Excess of capital loss over capital gains 6,000 Premiums paid on life insurance policy on life of Browns president 7,800 Meals & Entertainment (amount deducted on GAAP financial statements) 6,100 Depreciation (amount deducted on GAAP financial statements) 126,500 Depreciation (amount calculated for tax purposes under MACRS) 139,500

Fill in:

Net Income per Book:			175000
Add: Expenses on Book not on Tax Return
	Federal income tax per books		42250
	Excess of capital loss over capital gains		6000
Total Exp on Book not on Tax Return			48250
Subtract: Income on Book not on Tax Return
	Tax-exempt interest income		10250
	Life insurance proceeds		102000
Total Income on Book not on Tax Return			112250
Subtract: Expenses on Tax Return not on Book
	Depreciation
Total Exp on Tax Return not on Book			0
Net Income per Tax Return			111000				Hint the answer should be 108,850