Problem 2 (30 points) a TVA, Inc. received $4,600,000 of gross income, including $20,000 of interest income from tax-exempt municipal bonds. Frye Media, Inc, reported $3,600,000 of deductible business expenses. If it made $350,000 of estimated tax payments (prepayments) throughout the tax year, what is its tax due or tax refund when it files its return? b. Review the facts in (a) above. Assume that the $4,600,000 in gross income included $1,000,000 in dividends from a wholly-owned subsidiary (i.e. TVA Inc. owns 100% of the subsidiary's stock). Would your answer to question (a) above change? Why or why not