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Cougar, Inc. has correctly computed the following information for tax purposes: Taxable income $200,000 Federal income taxes $60,000 Cougar's income includes: Dividends received deduction $5,000 Meals $4,000 (8,000 x 50% limit) $3,000 business fine Cougar did not include $10,000 of municipal bond interest and deferred gain from an installment sale of $20,000. What is Cougar's current E&P for the year?
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