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Last year, California Sushi and Such ( CSS ) had sales of $ 6 5 million. The firm's operating expenses amounted to $ 2 0

Last year, California Sushi and Such (CSS) had sales of $65 million. The firm's operating expenses amounted to $20 million and costs of goods sold totaled $15 million. In addition, CSS received $80,000 in dividend income, and paid $300,000 in dividends to its stockholders. CSS has $25 million in bonds outstanding with an annual interest payment of 9%. The firm also had $10 million in depreciation expense, and sold land for $3.5 million that had been purchased for $2.5 million several years earlier. What is the firm's tax liability?
Group of answer choices
$3,954,300
$3,744,300
$4,200,000
$3,735,900
$3,945,900

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