Save Homework: Homework 1 Score: 0.67 of 1 pt % Bonus Question 3-7 (static) 9 of 10 (9 complete) HW Score: 80.14%, 8.01 of 10 pts :3 Question Help (Corporate income tax) G. R. Edwin Inc. had sales of $6.09 million during the past year. The cost of goods sold amounted to $3.08 million. Operating expenses totaled $2.51 million, and interest expense was $28,000. Determine the firm's tax liabilityby using the corporate tax rate structure in the popup window, E Calculate the gross profits. The gross profits are $ 3010000. (Round to the nearest dollar.) Calculate the taxable income. The taxable income is $ 472000. (Round to the nearest dollar.) Calculate the total tax due. The total tax due is $ . (Round to the nearest dollar.) i Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) 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 Print Done