Collins, Inc., a domestic corporation, operates a manufacturing branch in Singapore. During the current year, the manufacturing branch produces a loss of $300,000. Collins also earns interest income from investments in Europe, where it earns $800,000 in passive income. Collins paid no foreign income taxes related to the Singapore branch, but it paid $64,000 in foreign income taxes related to the passive income. Collins pays U.S. income taxes at the 34% tax rate. What is Collins's allowable FTC for the current year?