Last year, your company had sales of $3,969,932, cost of goods sold of $2,356,322 and operating expenses amounting to $851,513. The firm had $118,202 in depreciation expense. In addition, the firm had $625,000 in 8% coupon bonds, received $30,000 in dividend income, and sold property for $10,000 capital loss. What was the firm's tax payment?

$131,018

$121,568

$125,768

$127,868

$118,418