The following information for 2020 relates to Sparrow Corporation, a calendar year, accrual method taxpayer.

Net income per books (after-tax)	$205,050
Federal income tax per books	55,650
Tax-exempt interest income	4,500
MACRS depreciation in excess of straight-line depreciation used for financial purposes	7,200
Excess of capital loss over capital gains	9,400
Nondeductible meals and entertainment	5,500
Interest on loan to purchase tax-exempt bonds	1,100

Based on the above information, what is Sparrows taxable income for 2020?