Sales for J. P. Hulett Inc. during the past year amounted to $4.1 million. The firm supplies statistical information to engineering companies. Gross profits totaled $1.15 million, and operating and depreciation expenses were $498,000 and 352,000 respectively. Dividend income for the year was $11,800 Compute the corporation's tax liability by using the corporate tax rate structure in the popup window, Corporate Tax Rates 15% $olong dash-$50,000 25% $50,001long dash-$75,000 34% $75,001 long dash-$10,000,000 35% over $10,000,000 Additional surtax: bullet 5% on income between $100,000 and $335,000 bullet 3% on income between $15,000,000 and $18,333,333 Calculate the operating profits