Champion Corporation reported the following results for the current year: Gross profits on sales Short-term capital gain Long-term capital gain Dividends from 25%-owned domestic corporation NOL carryover from the preceding tax year Operating expenses $211,000 65,000 11,000 25,000 (4,000) 102,000 Requirement: Based on the information provided, please calculate Champion's taxable income and income tax liability Step 1. Begin by computing Champion's taxable income before special deductions, then calculate the taxable