Griffey Communications recently realized $125,000 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. In addition, the company purchased new equipment this year at a cost of $15,000, which is eligible for bonus depreciation. Assuming a 25% corporate tax rate, what is Griffey's tax liability? O a $33,125 O b. $55,000 O c. $36,250 O d. $32,500 O e. $43,125

Griffey Communications recently realized $125,000 in operating income. The company had interest income of $25,000 and reakzed 570,000 in dividend income. The cempany's interest expense was $40,000, in addation, the compary purchased new equipment this year at a cost of $15,000, which is eligible for bonus depreciation Assuming a 25% corporate tax rate, what is Griftey's tax liability? a. $33,125 b. $55,000 c. $36,250 d $32,500 e. $43,125