Rose Corporation (A Calendar Year Taxpayer)has Taxable Income of $300,000,and

Rose Corporation (a calendar year taxpayer) has taxable income of $300,000,and its financial records reflect the following for the year. $\begin{array}{ll}\text { Federal income taxes paid } & \$ 110,000 \\\text { Net operating loss caryforward deducted currently } & 70,000 \\\text { Gain recogrized this year on an installment s ale from a prior year } & 44,000 \\ \text { Iepreciation deducted on tax return (ADS depreciationwould have beer } \$ 10,000) & 40,000 \\\text { Interest income on Iowa state bonds. } & 8,000\end{array}$ Rose Corporation's current E & P is:

A) $254,000.
B) $214,000.
C) $194,000.
D) $104,000.
E) None of the above.