In each of the following independent situations, determine the corporation's income tax liability.

Assume that all corporations use a calendar year for tax purposes and that the tax year involved is 2019.

	Taxable Income
Purple Corporation	$65,000
Azul Corporation	290,000
Pink Corporation	12,350,000
Turquoise Corporation	19,000,000
Teal Corporation (a personal service corporation)	130,000