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The Dakota Corporation had a 2015 taxable income of $34,500,000 from operations after all operating costs but before (1) interest charges of $8,700,000; (2) dividends

The Dakota Corporation had a 2015 taxable income of $34,500,000 from operations after all operating costs but before (1) interest charges of $8,700,000; (2) dividends received of $770,000; (3) dividends paid of $5,350,000; and (4) income taxes.

a.

Use the tax schedule in Table 2.3 to calculate Dakota

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