(Corporate income tax) Last year Sanderson, Inc. had sales of $3.5 million. The firm's cost of goods sold came to $2.4 mition, its operating expenses excluding depreciation of $99.000 $409,000, and the firm paid $147,000 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 t shares) but paid $28,000 in the form of dividends to its own common stockholders. Use the corporate tax rates shown in the popup window, to caloidain the corporator's tex laby What are the firm's average and marginal tax rates? The fem's tax liabity for the year is sound to t (Corporate income tax) Last year Sanderson, Inc. had sales of $3.5 million. The firm's cost of goods sold came to $2.4 mition, its operating expenses excluding depreciation of $99.000 $409,000, and the firm paid $147,000 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 t shares) but paid $28,000 in the form of dividends to its own common stockholders. Use the corporate tax rates shown in the popup window, to caloidain the corporator's tex laby What are the firm's average and marginal tax rates? The fem's tax liabity for the year is sound to t