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 $3.13 million. Operating expenses totaled $ 1.07 million. The interest income from the securities owned was $18000 The firm's interest expense was $101000 Calculate thecorporation's tax liability by using the corporate tax rate structure in the popup window,

Corporate Tax Rates
15%	$0$50,000
25%	$50,001$75,000
34%	$75,001$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