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please show me to steps In 2015 J. Peterman Inc. incurred the following:(6 points) oSales of $5.25 million oCost of goods sold of $3.2 million

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In 2015 J. Peterman Inc. incurred the following:(6 points)

oSales of $5.25 million

oCost of goods sold of $3.2 million

oOperating expenses of $1.2 million

oInterest expenses of $502,000

oDividend Income of $33,000

oPaid off $1.5 million in debt

oPaid common stock dividends of $175,000

oPaid a preferred stock dividend of $125,000

a.What was J. Petermans taxable income in 2015?

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