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Horizon, Inc. had sales in 2019 of $2.1 milion. The common stockholders received $600,000 in cash dividends. Interest totaling $150.000 we paid ontstanding desting esponses

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Horizon, Inc. had sales in 2019 of $2.1 milion. The common stockholders received $600,000 in cash dividends. Interest totaling $150.000 we paid ontstanding desting esponses totaled $300,000, and cost of goods sold was $500,000. What is the tax liability of Horton, Inc.7 2019 U.S. Corporate tax rates are shown below: Taxable income Marginal Tax Rate SO-550.000 15% $50,001-575,000 25% $75,001-$100,000 34% $100,001-$335.000 39% $335,001-$10,000,000 34% $10,000,001-$15,000,000 35% $15,000,001.518,333,333 38% Over $18,333,333 301.000 $187.000 54.100

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