Previous Page 310 Next Page Create Combine Collaborate Secure- Sticky Note Line Tool Rectangle Tool Oval Tool P ges One Full Page Rotate Counterclockwise Find Rotate Clockwise Line Weights Measuring Tool Geospatial L Answer all the questions. Question 1 (15 marks) The Analtoly Corporation is an electronics dealer and distributor Sales for the last year were $4.5 million, and cost of goods sold was $2 million and operating expenses totaled $1.2 million. Analtoly also paid $150,000 in interest expense, and depreciation expense totaled $50,000. In addition, the company sold securities for $120,000 that it had purchased 4 years earlier at a price of $40,000. a Compute Taxable Income (5 marks) b. Compute the tax liability for Analtoly. (5 marks) Corporate Tax Rates Taxable Income Corporate Tax Rate $1-$50,000 15% $50.001-$75,000 25% $75,001-$10 million 349 over $10 million 35% and $100,000-$335.000 5% 3% tax $15-$18 335 m Apply the usual important consideration: e] Explain objectives of Corporate Financial Management (500 words) (5 marks)