Thriller Corporation has one class of voting common stock, of which 1,000 shares are issued and outstanding. The shares are owned as follows: Joe Jackson Mike Jackson (Joe's son) Jane Jackson (Joe's daughter) Vinnie Price (unrelated) Total shares 400 200 200 200 1,000 Thriller Corporation has current E&P of $400,000 for this year and accumulated E&P at January 1 of this year of $60,000. During this year, the corporation made the following distributions to its shareholders: 03/31: Distributed $100 per share to each shareholder ($100,000 in total). 06/30: Distributed $100 per share to each shareholder ($100,000 in total). 09/30: Distributed $100 per share to each shareholder ($100,000 in total). 12/31: Redeemed all of Vinnie's shares for $250,000 in cash. . Compute the corporation's accumulated E&P at January 1 of next year. Accumulated E&P at 01/01 of next year