UST Corporation, an accrual basis taxpayer, reported $600,000 of taxable income for the current year. A review of the corporation's financial records revealed the following:

--- A short-term capital loss of $30,000 was incurred during the year and UST had no current year capital gains.

--- Gross income of the corporation included $100,000 dividends received from a 50% owned domestic corporation.

--- The corporation made charitable contributions of $9,000 in excess of the amount currently deductible.

--- The corporation purchased machinery for $10,000 in the current year and expensed the entire amount under Section 179.

--- Federal income taxes on current year taxable income = $126,000

Calculate UST's current earnings and profits.