(Computing income taxes?)

The William B. Waugh Corporation is a regional Toyota dealer. The firm sells new and used trucks and is actively involved in the parts business. During the most recent? year, the company generated sales of $3.07 million. The combined cost of goods sold and the operating expenses were $2.13 million.? Also, ?$423,000 in interest expense was paid during the year. Calculate the? corporation's tax liability by using the corporate tax rate structure in the popup? window:

Corporate Tax Rates
? 15%	?$0?$50,000
? 25%	?$50,001?$75,000
? 34%	?$75,001?$10,000,000
? 35%	over? $10,000,000
??Additional? surtax:
5% on income between? $100,000 and? $335,000
?3% on income between? $15,000,000 and? $18,333,333 The? corporation's tax liability is $____ (round to nearest whole dollar)