CORPORATE TAX RATE IS 21% (IF NEEDED)

Burton Corporation had sales of $1,855,000. The firm's costs of goods sold amounted to 70% of sales. The firm also paid operating expenses of $225,000, and $26,500 in interest expense. Also, the firm received $40,000 in dividend income and experienced a $10,000 capital gain on the sale of property. Compute the corporation's tax payment. $74,550 $64,050 $68,250 $70,350 $69,615