Ms. Xie, who is in the 37 percent tax bracket, is the sole shareholder and president of Xenon. The corporation's financial records show the following: Gross income from sales of goods Operating expenses Salary paid to Ms. Xie Dividend distributions $1,596,000 (932,000) 302,000) (202,000) a. Compute the combined tax cost for Xenon and Ms. Xie. (Ignore payroll tax.) b. How would your computation change if Ms. Xie's salary was $504,000 and Xenon paid no dividends? Required A Required B Compute the combined tax cost for Xenon and Ms. Xie. (Ignore payroll tax.) Xenon's tax Ms. Xie's tax on salary Ms. Xie's tax on dividend Total income tax cost Required A Required B How would your computation change if Ms. Xie's salary was $504,000 and Xenon paid no dividends? Xenon's tax Ms. Xie's tax on salary Total income tax cost