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answer it fast please Question 3. (5 marks) During the year just ended, Spriha's distribution had pretax carnings from operations of $2,290,000. In addition, during

image text in transcribed answer it fast please
Question 3. (5 marks) During the year just ended, Spriha's distribution had pretax carnings from operations of $2,290,000. In addition, during the year it received $50,000 in income from interest on bonds & received $88,000 in income from dividend on common stock holding in Microsoft. Spriha's distribution company is in the 40% tax bracket & is eligible for 80% dividend exclusion Interest income received by the company is treated as ordinary income. a. Find the tax and after-tax amount attributable to the interest income. b. Find the tax and after-tax amount attributable to the dividend income

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