Griffey Communications recently realized $105,000 in operating income. The company had interest income of $25,000 and realized $70,000 in dividend income. The company's interest expense was $40,000. Using the corporate tax schedule below, what is Griffey's tax liability? Assume a 70% dividend exclusion for tax on dividends. $28, 663 $20, 170 $24, 682 $26, 540 $20, 701