Subach Corporation reports $600,000 of regular taxable income for the current year. Subach also reports the following information (reflected in regular taxable income, if applicable):

Subach is not a small corporation exempt from the AMT and has no AMT adjustment for the U.S. production activities deduction. The general revenue bonds and private activity bonds were not issued in 2009 or 2010. What is Subach€™s total current year federal income tax?

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Depreciation: For regular tax purposes S440,000 For AMT purposes 410,000 Tax-exempt interest: On general revenue bonds 100,000 On private activity bonds 75,000 Current year installment sale Total realized gain 150,000 Portion of gain on current year installment collections 25,000 Prior year installment sale: Total realized gain 140,000 Portion of gain on current year installment collections 35,000 Life insurance proceeds received upon the death of a Subach executive 500,000 Organizational expenditures deducted in current year Dividend received from 25%-owned corporation 5,000 90,000