Contour, Corporation, a C corporation, had the following results for 2022;

Operating income: 500,000

Dividend income: 80,000

Net long-term capital gain (NLTCG): 100,000

The $80,000 of dividend income was from Bend, Corporation.

Contour owns 22% of the stock of Bend Corporation.

In 2021, Contour Corporation had a net long-term capital loss (NLTCL) of $40,000.

$15,000 of the loss was carried back to 2020 (to offset NLTCG in that year), the remaining $25,000 of the NLTCL was available for carryforward.

Based on the above information: Determine Contours taxable income and resulting tax liability for 2022. Make sure that you list the components of taxable income (rather than simply providing the total amount of taxable income).