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 $1,647,000 (949,000) (319,000) (219,000) Required: 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 $538,000 and Xenon paid no dividends? Complete this question by entering your answers in the tabs below. Required A Required B Compute the combined tax cost for Xenon and Ms. Xie. (Ignore payroll tax.) Amount Xenon's tax Ms. Xie's tax on salary Ms. Xie's tax on dividend Total income tax cost $ $ 0 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 $1,647,000 (949,000) (319,000) (219,000) Required: 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 $538,000 and Xenon paid no dividends? Complete this question by entering your answers in the tabs below. Required A Required B How would your computation change if Ms. Xie's salary was $538,000 and Xenon paid no dividends? Amount Xenon's tax Ms. Xie's tax on salary Total income tax cost $ 0