(Corporate income tax) Sales for J.P. Hulett Inc. during the past year amounted to $4.5 million. The firm supplies statistical information to engineering companies. Gross profits totaled $1.12 million, and operating and depreciation expenses were $500,000 and $349,000, respectively. Dividend income for the year was $12,300. Compute the corporation's tax liability by using the corporate tax rate structure in the popup window, !!! Calculate the operating profits. The operating profits are $1. (Round to the nearest dollar.) )