The Goldilocks Corporation with the following summarized details for the current year:

• Total sales: $120,000,000
• COGS: $32,500,000
• Taxable Income: $40,000,000
• Arlington County municiple bond income: $1,000,000
• Fine for the fliming of breaking into houses without a permit: $1,000,000
• New porrige making machine:
  • Additional first-year (bonus) depreciation actually taken: $2,000,000
  • Straight-line depreciation amount:$1,000,000
• Federal taxes paid in the current year: $8,400,000
• Federal tax refund received for the current year: $1,250,000

Calculate Current E&P: