Tan corporation, a publishing company, had accumulated earnings and profits of $155,000 at the end of last year. During the current year the company had current earning and profits of $120,000 and paid cash dividends of $25,000 at the beginning of Septementy. You determine that $104,000 of the current and accumulated earnings and profits for the year is required for the reasonable needs of the business. The allowable accumulated earnings credit for the year is?