3. The Smith Corp had taxable income (EBT) this year of $262,000 from operations after all operating costs but before (1) interest expense of $147,000, (2) interest income of $36,000, (3) dividends paid of $56,000, (4) dividends received of $28,000, and (5) income taxes. What is the company's average tax rate on taxable income using the old tax rules? (Assume the corporation owns less than 20% of the firm issuing dividends.) (28.49%) (USE OLD RULES) X 5 onimutan boheq 19v-roves or novo biso ed aloxelo d o 00012.b What would be the total taxes to be paid and the average tax rate using the new tax rules? 3. The Smith Corp had taxable income (EBT) this year of $262,000 from operations after all operating costs but before (1) interest expense of $147,000, (2) interest income of $36,000, (3) dividends paid of $56,000, (4) dividends received of $28,000, and (5) income taxes. What is the company's average tax rate on taxable income using the old tax rules? (Assume the corporation owns less than 20% of the firm issuing dividends.) (28.49%) (USE OLD RULES) X 5 onimutan boheq 19v-roves or novo biso ed aloxelo d o 00012.b What would be the total taxes to be paid and the average tax rate using the new tax rules