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Corporate Tax Liability The Talley Corporation had taxable operating income of $360,000 (i.e., earnings from operating revent operating costs). Talley also had (1) interest charges

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Corporate Tax Liability The Talley Corporation had taxable operating income of $360,000 (i.e., earnings from operating revent operating costs). Talley also had (1) interest charges of $60,000, (2) dividends received of $5,000, and paid of $20,000. Its federal tax rate was 21% (ignore any possible state corporate taxes). Recall that $ received are tax exempt. What is the firm's taxable income? Round your answer to the nearest dollar. $ What is the tax expense? Round your answers to the nearest dollar. $ What is the after-tax income? Round your answers to the nearest dollar. $

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