This year, Jolt Incorporated reported $40.000 of taxable income before any charitable contribution deduction. Assume the 10% of taxable income limitation applies to the contribution because Joit did not make the necessary election to use the 25% of taxable income limitation Jolt contributed $10,000 this year to Goodwill Industries, a public charity, Compute the company's current E&P. Answer is complete but not entirely correct. Current ERP s 24,600