Can someone please explain these in detail? I have a test on these type of questions this week.

If a syndicate of investment banks purchases a common stock issue from a corporation, this transaction takes place in: a) the secondary money market. b) the primary bond market. c) the debt market. d) the secondary capital market. e) the primary capital market. Last year, Hammond ration had sales of $120 million, costs of goods sold of $65 million, and total operating expenses of $38 million. Also, Hammond received $60,000 in dividend income, paid $30,000 in dividends to its stockholders, and sold land for $1.5 million that had been purchased for $1 million several years earlier. What is Hammond's tax payment? a) $6, 131, 300 b) $6, 106, 840 c) $6, 120, 800 d) $6, 095, 440 e) $6, 031, 300 Ocean Side Corporation expects to have $100,000 in taxable income this year. The firm had an operating loss last year of $30,000, which they plan to carry forward to this year. Calculate the firm's tax payment for this year. a) $22, 250 b) $34,000 c) $13, 750 d) $23, 800 e) $12, 500