JKJ Manufacturing Inc.'s Income Statement for the year reported Sales Revenue of $44,350,000. Cost of Goods Sold was 35% of Sales Revenue. Sales, Administration and Distribution expenses were $19,750,000. Interest charges amounted to $1,200,000. Corporate tax is taxed the same as personal tax rate. If the federal tax rate is 20.5% and the provincial rate is 16%, what is JKJ Manufacturing Inc.'s taxes payable? $2,875,287.50 $3,313,287.50 $6,027,975.50 $1,260,400.50 $1,614,887.50