Oldham Inc. conducts business in State Mand State N, which both use the UDITPA three-factor formula tp apportion Income. State MS corporate tax rate is 4.00 percent, and State N's corporate tax rate is 7.50 percent. This year, Oldham had the following sales, payroll, and property (in thousands of dollars) in each state: GEOs receipts from sales Payroll expense Property conta State $4,700 2,500 2,600 State N $9,200 2,900 2,700 Total $13,900 5,400 5,300 If Oldham's before-tax Income was $4.7 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.) State M State N Total taxable income subject to apportionment Apportionment percentage State taxable income Tax rate State tax 3 of 3 Next >