X Corporation, a manufacturing company, had accumulated earnings and profits at the beginning of 20X7 of $275,000. It has not paid dividends during the 20X7 tax year. The following facts relate to X Corporations 20X7 tax year:

Taxable income $535,000

Federal income tax 112,350

Reasonable business needs as of 12/31/20X7 400,000

What would be X Corporations accumulated earnings tax for tax year 20X7?