Packard Corporation Reported Taxable Income of $1,000,000 in Year 3

Packard Corporation reported taxable income of $1,000,000 in year 3 and paid federal income taxes of $340,000. Included in the computation was a dividends received deduction of $5,000, a net capital loss carryover from year 2 of $10,000, and gain of $50,000 from an installment sale that took place in year 1. The corporation's current earnings and profits for year 3 would be:

A) $1,015,000
B) $965,000
C) $675,000
D) $625,000