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Banana Co has the following taxable income for the year of 2019 Net income from sales of inventory $620,000 Section 1231 gain $24000 Recaptured 1245

Banana Co has the following taxable income for the year of 2019

Net income from sales of inventory $620,000

Section 1231 gain $24000

Recaptured 1245 gain $46000

Recaptured 291 Gain $40,000

Short term capital loss (38,000)

Given that the corporate tax rate in a flat 21%, what is Banana Co tax liability?

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