Lintner Beverage Corp. reported the following information from their financial statements: Operating income (EBIT) =$10,500,000Interest payments on long-term debt =$1,750,000Dividend income =$1,000,000 Calculate Lintner's total tax liability using the corporate tax schedule below: Taxable Income Tax on Base of Bracket Percentage on Excess above Base$0-$50,000$015%$50,000-$75,0007,50025 $75,000-$100,00013,75034 $100,000-$335,00022,25039 $335,000-$10,000,000113,90034 $10,000,000-$15,000,0003,400,00035 $15,000,000-$18,333,3335,150,00038 Over $18,333,3336,416,66735 Assume a 70% dividend exclusion for tax on dividends