The Books and Records of Finton Corporation,an Accrual Method Taxpayer,reflectBased on the Above,what Is the Amount of Greg Corporation's

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\begin{array} { | l | r | r | } \hline ext { Taxable income per retuin } & & \$ 400,000 \\hline ext { Plus: } & & \\hline ext { Tax-exempt interest received } & \$ 2,500 & \\hline ext { Dividends-received deduction } & & \ ext { claimed } & \underline { 40,000 } & 42,500 \\hline ext { Less: } & & \\hline ext { Federal income tax } & 84,000 & \\hline ext { Excess capital losses } & 4,000 & \\hline ext { Excess contributions } & 2,000 & \\hline ext { Fines and penalties } & \underline { 10,000 } & ( 100,000 ) \\hline ext { Current year E\&P } & & \$ 342,500 \\hline\end{array}

The Books and Records of Finton Corporation,an Accrual Method Taxpayer,reflect