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(Corporate income tax) Sandersen Inc. sells minicomputers. During the past year the company's sales were $3.4 million. The cost of its merchandise sold carne to $1.7 million, and cash operating expenses were $405,000; depreciation expense was $102,000, and the firm paid $145,000 in interest on its bank loans. Also, the corporation received $46,000 in dividend income but paid $25,000 in the form of dividends to its own common stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window, Calculate the gross profits. The gross profits are S (Round to the nearest dollar.)