2-3B. (Corporate income tax) Cook, Inc., sells minicomputers. During the past year, the company's sales were $3.5 million. The cost of its merchandise sold came to $2 million, and cash operating expenses were $500,000; depreciation expense was $100,000, and the fum paid

$165,000 in interest on bank loans. Also, the corporation paid $25,000 in dividends to its own common stockholders. Calculate the corporation's tax liability.