(78) Ricardo's Corporation recorded $100,000 sales in 2019 fiscal year. His cost of goods sold (COGS), operational expense, interest expense, and depreciation expense for the period were $20,000, $14,000, $3,000, and $1,000, respectively. 50% of his firms net income is retained in the business for expansion. What is Ricardo's tax liability if his personal income tax is 10% and her corporate tax is 35%? Ps. Calculate the Net income before you take half of it for the dividend.

**Ps.: Please double check your answer. I have been getting wrong answers on here very often. Thanks for your time!**