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Oldham Inc. conducts business in State M and State N, which both use the UDITPA three-factor formula to apportion income. State Ms corporate tax rate

Oldham Inc. conducts business in State M and State N, which both use the UDITPA three-factor formula to apportion income. State Ms corporate tax rate is 4.50 percent, and State Ns corporate tax rate is 7.00 percent. This year, Oldham had the following sales, payroll, and property (in thousands of dollars) in each state: State M State N Total Gross receipts from sales $ 3,600 $ 8,100 $ 11,700 Payroll expense 1,400 1,800 3,200 Property costs 1,500 1,600 3,100 If Oldhams before-tax income was $3.6 million, compute its State M and State N tax. (Round all apportionment factors to 4 decimal places, e.g., 47.15% would be 0.4715. Enter "Apportionment percentage" and "Tax rate" in decimals and not in percentage. Enter your answers in dollars and not in millions or thousands of dollars.)

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