$($Corporate income tax$)$ The Robbins Corporation is an oil wholesaler. The company's sales last year were $$1\mathrm{.}07$ million, with the cost of goods sold equal to $$625,000.$ The firm paid interest of $$216,000,$ and its cash operating expenses were $$134,000.$ Also, the firm received $$37,000$ in dividend income while paying only $$15,000$ in dividends to its preferred stockholders. Depreciation expense was $$150,000.$ Compute the firm's tax liability by using the corporate tax rate structure in the popup window, $.$ Based on your answer, does management need to take any additional action?

Calculate the gross profits.

The gross profits are $ $($Round to the nearest dollar.$)$