1) During 2019, Britton Industries had gross sales of $10,000,000, operating costs excluding depreciation and amortization of $5,500,000, and depreciation and amortization of $1,200,000. The firm had outstanding $5,000,000 of long-term debt that paid 10% interest rate. In addition, Britton also generated $750,000 of interest income from some T-Bonds that they owned, and $100,000 of dividend income from their ownership of stock in Transition Corp. The corporate tax rate was 21%. Estimate Britton's taxable income and tax in 2019