Builtrite had sales of $4,000,000. COGS totaled $1,400,000. Operating expenses were $1,100,000 and interest expense was $335,000. Stock purchased for $60,000 was sold 15 months later for $60,000. Management paid a $300,000 common stock dividend and a $180,000 preferred stock dividend. Builtrite also received $50,000 in dividend income. What is Bultes taxable income? $1,158,000 $1,165,000 $1,174,000 $1,180,000 $1,189,000 Next