(Corporate income tax) Last year Sanderson, Inc. had sales of $3.4 million. The firm's cost of goods sold came to $2.1 million, its operating expenses excluding depreciation of $104,000 were $392,000, and the firm paid $155,000 in interest on its bank loans. Also, the corporation received $53,000 in dividend income (from a company in which it owned less than 20 percent of its shares) but paid $22,000 in the form of dividends to its own common stockholders. Use the corporate tax rates shown in the popup window, , to calculate the corporation's tax liability. What are the firm's average and marginal tax rates? The firm's tax liability for the year is \$ (Round to the nearest dollar.) The firm's average tax rate is \%. (Round to two decimal places.) The firm's marginal tax rate is %. (Round to the nearest integer.) \begin{tabular}{l|l} Taxable Income & Marginal Tax Rate \\ \hline$0$50,000 & 15% \\ \hline$50,001$75,000 & 25% \\ \hline$75,001$100,000 & 34% \\ \hline$100,001$335,000 & 39% \\ \hline$335,001$10,000,000 & 34% \\ \hline$10,000,001$15,000,000 & 35% \\ \hline$15,000,001$18,333,333 & 38% \\ \hline Over $18,333,333 & 35% \\ \hline \end{tabular}