This year Eckenstein reported taxable income of $150,000 and received $20,000 of municipal interest. Eckenstein paid $55,000 in entertainment expenses and $15,000 in fines and penalties Eckenstein had $50,000 of accumulated E&P at the beginning of the year. What is Eckenstein's current E&P?

Roberts Inc. owns 40% of Kara Inc., both Roberts and Kara are corporations. Kara pays Roberts a dividend of $10,000 in the current year. Kara also reports financial accounting earnings of $19,000 for that year. Assume Roberts follows the general rule of accounting for investment in Kara. What is the amount and nature of the book-tax difference to Roberts associated with the dividend distribution (ignoring the dividends received deduction)? (Enter a favorable difference as a positive and an unfavorable difference as a negative)