2-3A. (Corporate income tax) Delaney, Inc, sells minicomputers. During the past year, the com- pany's sales were $4 million. The cost of its merchandise sold came to $2 million, cash operating expenses were $400,000, depreciation expense was $100,000, and the firm paid $150,000 in interest on bank loans. Also, the corporation paid $25,000 in the form of dividends to its own common stockholders. Calculate the corporation's tax liability