960snapshot 18139258ed835009& DTAP Seard Check My Wor eBook Corporate Tax Liability The Talley Corporation had taxable operating income of $485,000 (i.e., earnings from operating revenues minus all operating costs). Talley also had (1) interest charges of $60,000, (2) dividends received of $20,000, and (3) dividends paid of $30,000. Its federal tax rate was 21% (ignore any possible state corporate taxes). Recall that 50% of dividends received are tax exempt. What is the firm's taxable income? Round your answer to the nearest dollar. What is the tax expense? Round your answers to the nearest dollar What is the after tax income? Round your answers to the nearest dollar $ Check My Work Olcon Key O