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Quantitative Problem: Andrews Corporation has income from operations of $232,000. In addition, it received interest income of $23,200 and received dividend income of $32,000 from

Quantitative Problem: Andrews Corporation has income from operations of $232,000. In addition, it received interest income of $23,200 and received dividend income of $32,000 from another corporation. Finally, it paid $9,100 of interest income to its bondholders and paid $47,900 of dividends to its common stockholders. Using the 2013 corporate tax schedule, what is the firms federal income tax? Round your intermediated and final answers to the nearest cent.

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