2020) sec. 01 Sorbon Corporation has gross sales revenue of $5,400,000, cost of sales of $3,000,000, other expenses of $2,300,000, a $20,000 long-term capital loss, a $30,000 dividend income from a corporation in which it owns 10 percent of the shares, and a charitable contribution of $20,000. What are the corporation's taxable income and income tax? Identify any carryovers. Answer 7 A BT / %