Question 5 1 pts Last year, California Sushi and Such (CSS) had sales of $65 million. The firm's operating expenses amounted to $20 million and costs of goods sold totaled $15 million. In addition, CSS received $80,000 in dividend income, and paid $300,000 in dividends to its stockholders. CSS has $25 million in bonds outstanding with an annual interest payment of 9%. The firm also had $6 million in depreciation expense, and sold land for $3.5 million that had been purchased for $2.5 million several years earlier. What is the firm's tax liability? $4,575,900 $5,040,000 O $4.794,300 $4,769,100 O $4,785,900 Question 9 1 pts What is the tax liability for a corporation with $13,600,000 in taxable income? $3,264,000 $4,624,000 O $2,856,000 $2,720,000 $4.760,000 Question 20 1 pts Suppose your firm had the following taxable income amounts: 2015 ($5 million) operating loss 2016 $4 million 2017 $4 million 2018 $4 million After you "carry forward" the operating loss, what is the effective taxable income for 2017? $2 million $4 million $1 million $3 million O $0