Homework: Homework 2 Save Score: 0 of 1 pt 6 of 7 (4 complete HW Score: 44.72%, 3.13 of 7 P1-9 (similar to) Question Help Interest versus dividend income During the year just ended, Shering Distributors, Inc., had prelaxeamings from operations of $480,000. In addition during the year received $23,000 in income from interest on bonds held in Zg Manufacturing and received $23,000 in income from dividends on its 5% common stock holding in Tank Industries, Inc. Shering is in the 40% tax bracket and is eligible for a 70% dividend exclusion on its Tank Industries stock Calculate the firm's tax on its operating sarings only b. Find the box and the aforex amount able to the interest income from Zig Manufacturing bonds. c. Find the tax and the short amount tributable to the dividend income from the Tank Industries, Inc. common stock 4. Compare, contrast, and down the after-tax amounts resulting from the interest income and dividend income calculated in parts bande. What is the first til for the year ..The tax on operating samnings is Round to the nearest dolar) Enter your wwer in the answer box and then click Check Answer parts CA Check And MacBook Pro C 990 FE Di tebe 73 27 # $ % 5 - + 2 3 & 7 6 8 9 0 Homework: Homework 2 Save Score: 0 of 1 pt 6 of 7 (4 complete HW Score: 44.72%, 3.13 of 7 P1-9 (similar to) Question Help Interest versus dividend income During the year just ended, Shering Distributors, Inc., had prelaxeamings from operations of $480,000. In addition during the year received $23,000 in income from interest on bonds held in Zg Manufacturing and received $23,000 in income from dividends on its 5% common stock holding in Tank Industries, Inc. Shering is in the 40% tax bracket and is eligible for a 70% dividend exclusion on its Tank Industries stock Calculate the firm's tax on its operating sarings only b. Find the box and the aforex amount able to the interest income from Zig Manufacturing bonds. c. Find the tax and the short amount tributable to the dividend income from the Tank Industries, Inc. common stock 4. Compare, contrast, and down the after-tax amounts resulting from the interest income and dividend income calculated in parts bande. What is the first til for the year ..The tax on operating samnings is Round to the nearest dolar) Enter your wwer in the answer box and then click Check Answer parts CA Check And MacBook Pro C 990 FE Di tebe 73 27 # $ % 5 - + 2 3 & 7 6 8 9 0