Interest versus dividend income During the year just ended Shening Distributors, Inc. had protax earnings from operations of $483,000 In addition during the year trecived $26.000 in income from interest on bonds it holding Manufacturing and received $20,000 in income from dividends on its 5% common stock holding in Tank Industries Inc Sharing is in the 34% tax bracket and is eligible for a 70 dividend exclusion ons Tank Industries stock 2. Calculate the firm's tax on its operating earnings only b. Find the tax and the after-tax amount attributable to the interest income from Zid Manufacturing bonds c. Find the tax and the after-tax amount attributable to the dividend income from the Tank Industries, Inc common stock d. Compare, contrast and discuss the after tax amounts resulting from the interest income and dividend income calculated in parts. b. and c. 6. What is the firm's total tax liability for the yo