Fill in the blanks, plus the quantitative problem.

Corporations earn most of their income from operations; however, they may also receive interest and dividend income. (Interest or Dividend) income is taxed as ordinary income; however, (interest or dividend) income is taxed more favorably. 70% of (interest or dividends) received is excluded from taxable income, while the remaining 30% is taxed at the ordinary tax rate. For businesses, (interest or dividend) payments are regarded as an expense so they are tax deductible; however, (interest or dividend) payments are not tax deductible. Consequently, our tax system encourages (equity or debt) financing over (equity or debt) financing. Depreciation expense is tax deductible, so the larger the depreciation, the (lower or higher) the taxable income, the (lower or higher) the taxes, and the (lower or higher) the firm's operating cash flow. The projected 2017 tax rate schedule for corporations is shown below.

2017 Corporate Tax Rates
If a Corporation's Taxable Income Is	It Pays This Amount on the Base of the Bracket	Plus This Percentage on the Excess over the Base (Marginal Rate)	Average Tax Rate at Top of Bracket
Up to $50,000	$0	15.0%	15.0%
$50,000 - $75,000	7,500	25.0	18.3
$75,000 - $100,000	13,750	34.0	22.3
$100,000 - $335,000	22,250	39.0	34.0
$335,000 - $10,000,000	113,900	34.0	34.0
$10,000,000 - $15,000,000	3,400,000	35.0	34.3
$15,000,000 - $18,333,333	5,150,000	38.0	35.0
Over $18,333,333	6,416,667	35.0	35.0

Quantitative Problem: Andrews Corporation has income from operations of $230,000. In addition, it received interest income of $23,000 and received dividend income of $28,700 from another corporation. Finally, it paid $9,300 of interest income to its bondholders and paid $42,000 of dividends to its common stockholders. Using the 2017 corporate tax schedule, what is the firms federal income tax? Round your intermediate and final answers to the nearest cent. $ _______________