Cranberry Corporation has $3,324,000 of current year taxable income. Use 2017 tax rate schedule if needed.

Required:

If the current year is a calendar year ending on December 31, 2017, calculate Cranberry's regular income tax liability.

If the current year is a calendar year ending on December 31, 2018, calculate Cranberrys regular income tax liability.

If the current year is a fiscal year ending on April 30, 2018, calculate Cranberry's regular income tax liability.

Note: Do not round intermediate calculations.

If taxable income is	The tax is
Not over $50,000	15% of taxable income
Over $50,000 but not over $75,000	$7,500 + 25% of the excess over $50,000
Over $75,000 but not over $100,000	$13,750 + 34% of the excess over $75,000
Over $100,000 but not over $335,000	$22,250 + 39% of the excess over $100,000
Over $335,000 but not over $10,000,000	$113,900 + 34% of the excess over $335,000
Over $10,000,000 but not over $15,000,000	$3,400,000 + 35% of the excess over $10,000,000
Over $15,000,000 but not over $18,333,333	$5,150,000 + 38% of the excess over $15,000,000
Over $18,333,333	$6,416,667 + 35% of the excess over $18,333,333