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Burton Corporation had sales of $40.428,251 last year. Costs of goods sold amounted to 30% of sales, and cash operating expenses amounted to 20% of

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Burton Corporation had sales of $40.428,251 last year. Costs of goods sold amounted to 30% of sales, and cash operating expenses amounted to 20% of sales. Depreciation expense was $1,500,000. The firm paid 8% interest on $20,000,000 in outstanding bonds. Also, Burton sold 30,000 shares of Oviedo Company common stock for $70share. Burton had purchased these shares two years ago for $30 a share. Burton received $204,326 in dividend income for the year, and paid $518,569 in dividends to its common shareholders. Compute the firm's tax liability. SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND TO THE NEAREST WHOLE NUMBER AT THE END. DO NOT ENTER THE $ SIGN SYMBOL ie if your answer is 1,000,000 enteritos 1.000.000

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