Sales for L. B. Menielle Inc. during the past year amounted to

$5.19 million. The firm provides parts and supplies for oil field service companies. Gross profits for the year were

$3.05 million. Operating expenses totaled $ 1.12million. The interest income from the securities owned was

$18000 The firm's interest expense was $105 000

Calculate the corporation's tax liability by using the corporate tax rate structure.