Rover Corporation provides the following information:
| Gross Sales | $410,000 |
| Sales Returns and Allowances | $10,000 |
| Dividends Received | |
| 10% owned company | $30,000 |
| 20% owned company | $20,000 |
| Gain on Sale of Depreciable Property | $15,000 |
| Installment Gain on Land Sale | $25,000 |
| Operating Expenses | $200,000 |
| Depreciation | $50,000 |
| Amortization of Organizational Expenses | $2,500 |
Footnotes
1. Received $25,000 from Private Activity Bonds (tax-exempt).
2. Received $15,000 from General fund bonds (tax-exempt).
3. Received Life Insurance Proceeds upon death of key employee $150,000.
4. Total Gain on land was $88,000; Rover is not a dealer.
5. Gain for AMTI is $5860, ACE $3750 for depreciable property sale.
6. Depreciation for AMTI is $32,500 and ACE $26,000.
7. Organizational expenses were incurred in 1996 and amortized over 60 months.
Determine the AMT liability of Rover Corporation.