P1-9 (similar to) Interest versus dividend income During the year just ended, Shering Distrutors, Inc., had pretak earings from operations of $483,000. In addition during the year it received $28.000 in income from interest on bonds it held in Zg Manufacturing and received $28,000 in income from dividends on is common stock holding in Tank Industries, Inc. Shering is in the 34% tax bracket and is eligible for a 70% dividend exclusion on Tank Industries shock a. Calculate the firm's tax on its operating eaming only b. Find the tax and the after tax amount imbate to the interest income from Zig Manufacturing bonds e. Find the tax and the hertax amount able to the divided income from the Tank Industries in common stock d. Compare, contrast, and discuss the heat amounts resulting from the interest income and dividend income called in parte bande e. What is er totalt for the year