3.Tripex Consolidated Industries owns $1.5 million in 12 percent bonds of Solow Electronics

Company. It also owns 100,000 shares of preferred stock of Solow, which constitutes 10 percent

of all outstanding Solow preferred shares. In the past year, Solow paid the stipulated interest on

its bonds and dividends of $3 per share on its preferred stock. The marginal tax rate of Tripex is

34 percent. What taxes must Tripex pay on this interest and dividend income?