This year, Sooner Company reports a deficit in current E&P of ($362,000). Its accumulated E&P at the beginning of the year was $270,000. Sooner distributed $540,000 to its sole shareholder, Boomer, on June 30 of this year. Boomer's tax basis in the Sooner stock before the distribution is $101,500. What is Sooner's balance in accumulated E& on the first day of next year?

Balance in accumulated E&P at the beginning of next year =

Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.