Last year, Carriage House Corporation had sales of $20 million and operatin expenses of $2,250,000. Costs of goods sold amounted to 17.5% of sales. Carriage House sold 5,000 shares of Textron common stock for $100 per share, that they had paid $80 per share a year earlier. In addition, the firm had $7 million in 7.5% coupon bonds outstanding. Carriage House had $725,000 in depreciation expense, and paid $11,750 in dividends to their stockholders. Also, Carriage House decided to sell land for $2,000,000 that it had purchased for $1,600,000 ten years earlier. What was the firm's tax payment? $2,814,000 $2,835,000 $2,730,000 $2,751,000 $2,840,000 Last year, Carriage House Corporation had sales of $20 million and operatin expenses of $2,250,000. Costs of goods sold amounted to 17.5% of sales. Carriage House sold 5,000 shares of Textron common stock for $100 per share, that they had paid $80 per share a year earlier. In addition, the firm had $7 million in 7.5% coupon bonds outstanding. Carriage House had $725,000 in depreciation expense, and paid $11,750 in dividends to their stockholders. Also, Carriage House decided to sell land for $2,000,000 that it had purchased for $1,600,000 ten years earlier. What was the firm's tax payment? $2,814,000 $2,835,000 $2,730,000 $2,751,000 $2,840,000