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During the year Soylent, Inc. (a publicly traded, non-closely held corporation) presents the following information related to its operations: Total Sales $500,000 Dividends Received from

During the year Soylent, Inc. (a publicly traded, non-closely held corporation) presents the following information related to its operations:

Total Sales

$500,000

Dividends Received from a corporation in which they have a 70% ownership interest

$20,000

Operating Expenses

($100,000)

Charitable Contributions (cash)

($20,000)

Interest Expense

($200,000)

Losses from investment in a passive activity

($10,000)

Required: What is Soylents tax liability for the year?

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