Helpers, Inc., a qualifying $ 501(c)(3) organization, incurs lobbying expenditures of $293,250 for the taxable year and grass roots expenditures of $0. Exempt purpose expenditures for the taxable year are $1,955,000. Helpers elects to make lobbying expenditures on a limited basis. Click here to access Exhibit 15.2. If required, round your answers to nearest dollar. a. What amount of lobbying expenditures is Helpers allowed to make tax-free under the terms of the election? b. What is its tax liability as a result of the election? Exhibit 23.2 Calculation of Lobbying Nontaxable Amount Exempt Purpose Expenditures Not over $500,000 Over $500,000 but not over $1 million Lobbying Nontaxable Amount is 20% of exempt purpose expenditures * $100,000 +15% of the excess of exempt purpose expenditures over $500,000 $175,000 + 10% of the excess of exempt purpose expenditures over $1 million Over $1 million but not over $1.5 million Over $1.5 million $225,000 + 5% of the excess of exempt purpose expenditures over $1.5 million