David is the sole owner of ABC Company, a calendar year, cash basis LLC taxed as a sole proprietorship. During the current year, ABC has $500,000 of gross income and $300,000 of operating expenses. In addition, ABC has a $15,000 qualified dividend from a 10% owned domestic corporation and distributes all of the after-tax income to David. David is unmarried, maintains a home for two dependent children, has no other income, and does not itemize deductions. Calculate total tax liability before tax credits for ABC Company and David. O $26.675 O $27,377 O $49,739 O $50,441