King Corporation, an accrual method taxpayer, reports the following results for 2016:

Regular taxable income before regular tax NOL deduction ……………      $800,000

Minus: Regular tax NOL deduction …………………………………….     (200,000)

Regular taxable income ………………………………………………….     $600,000

Alternative tax NOL deduction …………………………………………    $175,000

AMT depreciation adjustment …………………………………………..     148,000

Personal property acquired eight years ago and sold this year:

Acquisition cost …………………………………………………………     50,000

Regular tax depreciation ………………………………………………...     38,845

AMT depreciation ……………………………………………….............     26,845

Increase in LIFO recapture amount ……………………………………..     75,000

Tax-exempt interest income:

Private activity bonds (not issued in 2009 or 2010) …………………….     31,000

Other bonds (not issued in 2009 or 2010) ………………………………     33,000

Dividends received (less than 1% ownership) ………………………….      120,000

Dividends paid ……………………………………………….................     110,000

King is not a small corporation exempt from the AMT, and it has no AMT adjustment for the U.S. production activities deduction. Regular taxable income includes $35,000 of Sec. 1231 gain from a prior year installment sale on which King’s total realized gain was $350,000. Regular taxable income also includes $39,000 of Sec. 1231 gain from a 2016 installment sale on which King’s total realized gain is $195,000. King’s ACE adjustments for prior years are a net positive $500,000. Prepare Form 4626 for King Corporation to report its 2016 AMT liability (if any).