During the year just ended, Sprihas distribution had pretax earnings from operations of $2,290,000. In addition, during the year it received $50,000 in income from interest on bonds & received $88,000 in income from dividend on common stock holding in Microsoft. Sprihas distribution company is in the 40% tax bracket & is eligible for 80% dividend exclusion.

*Interest income received by the company is treated as ordinary income.

1. Find the tax and after-tax amount attributable to the interest income.

2. Find the tax and after-tax amount attributable to the dividend income.