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(Corporate income tax) G. R. Edwin Inc. had sales of $5.89 million during the past year. The cost of goods sold amounted to $2.5 million.

image text in transcribed (Corporate income tax) G. R. Edwin Inc. had sales of $5.89 million during the past year. The cost of goods sold amounted to $2.5 million. Operating expenses totaled interest expense was $24,000. Use the corporate tax rates shown in the popup window, , to determine the firm's tax liability. What are the firm's average and margin Data table The firm's tax liability for the year is $ (Round to the nearest dollar.)

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