Reliable Corporation had sales of $40,772,172 last year. Costs of goods sold amounted to 30% of sales, and cash operating expenses amounted to 20% of sales. Depreciation expense was $1,500,000. Reliable paid 8% interest on $20,000,000 in outstanding bonds. Also, Reliable sold 30,000 shares of Oviedo Company common stock for $74share. Reliable had purchased these shares two years ago for $30 a share. Reliable received $201,226 in dividend income for the year, and paid $514,937 in dividends to Reliable's common shareholders. Compute the firm's tax liability.