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Towne, Inc., a calendar year S corporation, holds AAA of $627,050 at the beginning of the tax year. During the year, the following items occur:

Towne, Inc., a calendar year S corporation, holds AAA of $627,050 at the beginning of the tax year. During the year, the following items occur:

Sales income $216,000

Loss from real estate operations 4,000

Officers' life insurance proceeds 100,000

Premiums paid for officers' life insurance 3,600

Dividend income 17,000

Interest income 3,000

Charitable contributions 22,000

Section 179 depreciation expense 2,500

Administrative expense 35,000

Cash distribution to shareholders 73,220

Calculate Towne's ending AAA balance.

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