Abbot Corporation Reported a Net Operating Loss of $400,000 in 20X3,which

Multiple Choice

Abbot Corporation reported a net operating loss of $400,000 in 20X3,which the corporation elected to carryforward to 20X4.Included in the computation of the loss was regular depreciation of $100,000 (E&P depreciation is $40,000) ,first year expensing under §179 of $50,000,and a dividends received deduction of $10,000.The corporation's current earnings and profits for 20X3 would be:

A) ($290,000) .
B) ($330,000) .
C) ($400,000) .
D) ($490,000) .