Problem 23-17 (LO. 3) Initiate, Inc., a 501(c)(3) organization, receives the following revenues and incurs the following expenses. Grant from Bill and Melinda Gates Foundation $70,000 Charitable contributions received 625,000 Expenses in carrying out its exempt mission 500,000 Net income before taxes of Landscaping, Inc., wholly owned for-profit subsidiary 400,000 a Landscaping, Inc., remits all of its after-tax profits each year to Initiate.Calculate the amount of the Federal income tax, if any, for Initiate and for Landscaping. Assume a 21 % tax rate. If an amount is zero, enter "0" The Federal income tax liability is $ for Landscaping. for Initiate and