Corporate Tax Rates, Corporate Capital Gains and Losses (LO 11.1, 11.2) For its current tax year, Ilex Corporation has ordinary income of $260,000, a short-term capital loss of $60,000, and a long-term capital gain of $20,000. Calculate Ilex Corporation's tax liability for 2018. $_____

******( THE ANSWER IS NOT $84,650 OR $101,400 )******* IF THAT IS WHAT YOU GET PLEASE DO NOT RESPOND TO THIS QUESTION*******