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Last year, your company had sales of $17.015,566. The firm's costs of goods sold amounted to 60% of sales. The firm also paid cash operating

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Last year, your company had sales of $17.015,566. The firm's costs of goods sold amounted to 60% of sales. The firm also paid cash operating expenses of $1.000.000, and had $182,427 In depreciation expense. The firm had $450,000 in 9% coupon bonds outstanding and paid $40,000 in dividends to its common stockholders. Also, the firm received $100,000 in dividend income from its holdings of other common stocks. Compute the corporation's taxable income, earnings before taxes. SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND TO THE NEAREST WHOLE NUMBER AT THE END, DO NOT ENTER THE $SIGN SYMBOL.Le if your answer is 1,000,000 enter it as 1.000.000

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