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Last year , Reliable Corporation had sales of $5 million cost of goods sold of $3 milion, operating expenses of $175,000 and depreciation of $125,000.

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Last year , Reliable Corporation had sales of $5 million cost of goods sold of $3 milion, operating expenses of $175,000 and depreciation of $125,000. The firm received $40,000 in dividend Income Reliable has $2.5 million in 8% coupon bonds outstanding. Also, Reliable sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing 560,000 on stock owned 4 years. What is the firm's tax payment? O $357.000 $325.000 5319.200 315.000 1327.000

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