Reliable Corporation had sales of $2.4 million last year. The firm's costs of goods sold amounted to 34% of sales. Reliable also paid cash operating expenses of $1,200,000, and had $80,500 in depreciation expense. The firm had $450,000 in 9% coupon bonds outstanding and paid $25,000 in dividends to its common stockholders. Also, the firm received $40,000 in dividend income from its holdings of other common stocks. Compute the corporation's tax liability. $54,180 O $59,430 $55,230 $63,630 O $63,735