Gonzalez Corp. has made S - election on the date of its incorporation in year 2012. For the year 2019, Gonzalez has a gross receipt for the year totaling $350,000 of which $100,000 is passive investment income. Expenditures directly connected to the production of the passive income total $35,000. Calculate Gonzalez Corp.s passive investment income tax (assume the tax rate 21%). Please show all calculations.