Madison Corporation Reported Taxable Income of $400,000 in 20X3 and Accrued

Madison Corporation reported taxable income of $400,000 in 20X3 and accrued federal income taxes of $136,000. Included in the computation of taxable income was regular depreciation of $200,000 (E&P depreciation is $60,000) and a net capital loss carryover of $20,000 from 20X2. The corporation's current earnings and profits for 20X3 would be:

A) $424,000
B) $404,000
C) $380,000
D) $344,000