In 2021 J. Peterman Inc. incurred the following:

Sales of $5,750,000

Cost of goods sold of $3,350,000

Operating expenses of $1,270,000

Interest expenses of $503,000

Dividend Income of $38,000

Paid off $1.5 million in debt

Paid common stock dividends of $175,000

Paid a preferred stock dividend of $125,000

What was J. Petermans taxable income in 2021?

Assuming a 25% tax rate, what was J. Petermans tax liability in 2021?

What was J. Petermans After-Tax (Net Income) in 2021?