You collect the following information related to the corporate AMT of Purple, Inc., in 2017.
Taxable income..............................................................$6,225,012
AMT Adjustments:
(1) Adjusted gain (loss) on property dispositions......................$ (127,055)
(2) Depreciation.................................................................280,347
(3) Certified pollution control facility.......................................(42,666)
(4) Long-term contracts........................................................180,000
Preferences:
(1) Tax-exempt interest (private activity bonds)..........................$ 27,625
Adjusted Current Earnings................................................$8,224,545
Calculate Purple's AMTI, tentative minimum tax, and any alternative minimum tax.