Corporate Tax Liability The Thalley Corporation had taxable operating income of $430,000 (e, earnings from operating revenues minus all operating costs). Talley also had (1) Interest charges of $40,000, (2) dividends received of $25,000, and (3) dividends paid of $40,000. Its federal tax rate was 21% (ignore any possible state corporate taxes). Recall that 50% of dividends received are tax exempt. What is the firm's taxable income? Round your answer to the nearest dollar 407,500 What is the tax expense Round your answers to the nearest dollar, 84,525 What is the after-tax income? Round your answers to the nearest dollar. 357,450 $ $