sandersen inc. sells minicomputers. during the past year the company's sales were $3.5 million. the cost of its merchandise sold came to $1.9 million, and cash operating expenses were $402,000, depreciation expense was $98,000 and the firm paid $150,000 interest on its bank loans. also, the corporation received $45,000 in dividend income but paid $30,000 in the form of dividends to its own common stockholders. calculate the corporation's tax liability by using the corporate tax rate structure

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: .5% on income between $100,000 and $335,000 3% on income between $15,000,000 and $18,333,333 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) Calculate the gross profits. The gross profits are (Round to the nearest dollar.)