Scarlet Corporation (A Calendar Year Taxpayer) Has Taxable Income of $150,000

Scarlet Corporation (a calendar year taxpayer) has taxable income of $150,000, and its financial records reflect the following for the year. Scarlet Corporation's current E & P is:

A) $127,000.
B) $107,000.
C) $97,000.
D) $57,000.
E) None of the above.