For 2020, Ross Corporation had pretax ordinary income of $508,000 and sold for $146,000 an asset purchased previously for $124,000. Calculate the tax liability for the company. The tax liability this year is $(Round to the nearest dollar) Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $8,000 is deposited initially at 11% annual interest for 6 years, and (2) determine the effective annual rate (EAR). n Annual Compounding (1) The future value, FV, is $]. (Round to the nearest cent.) (2) If the 11% annual nominal rate is compounded annually, the EAR is 1% (Round to two decimal places.) Semiannual Compounding (1) The future value, FV, is (Round to the nearest cent) (2) If the 11% annual nominal rate is compounded semiannually, the EAR is % (Round to two decimal places.) Quarterly Compounding (1) The future value, FV, is $(Round to the nearest cent.) (2) If the 11% annual nominal rate is compounded quarterly, the EARIS I % (Round to two decimal places.)