Hydro Corporation reports $500,000 of taxable income for the current year. The following additional

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Hydro Corporation reports $500,000 of taxable income for the current year. The following additional information is available:Assume a 34% corporate tax rate.

Requirement

What is Hydro's current E&P for this year? (Leave any unused cells blank.)

Taxable income
 
 
Plus:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Minus:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current earnings and profits
 
 
 
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