Alpha Corporation has been in business for two years. It incurred the following items last year (Year 1): Gross profits on sales 240000 Operating expenses 100000 Long-term capital gain 8000 Short-term capital loss 12000 Alpha reported the following items this year (Year 2): Gross profits on sales 600,000 Operating expenses 165,000 Long term capital gain 10000 Compute Alpha's taxable income and tax liability for Year 1 and Year 2.