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Problem 11-3 Corporate Tax Rates, Corporate Capital Gains and Losses (LO 11.1, 11.2) For its current tax year, Ilex Corporation has ordinary income of $250,000,

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Problem 11-3 Corporate Tax Rates, Corporate Capital Gains and Losses (LO 11.1, 11.2) For its current tax year, Ilex Corporation has ordinary income of $250,000, a short-term capital loss of $20,000 and a long-term capital gain of $60,000. Calculate Ilex Corporation's tax liability for 2020. $

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