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(Computing income taxes) Sandersen Inc. sells minicomputers. During the past year, the company's sales were $3.05 million. The cost of its merchandise sold came to
(Computing income taxes) Sandersen Inc. sells minicomputers. During the past year, the company's sales were $3.05 million. The cost of its merchandise sold came to $1.87 million, and cash operating expenses were $390,000: depreciation expense was $91,000, and the firm paid $143,000 in interest on its bank loans. Also, the corporation paid $21,000 in the form of dividends to its own common stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window, . The corporation's tax liability is $ . (Round to the nearest dollar.)
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