The Talley Corporation had taxable operating income of $410,000 (i.e., earnings from operating revenues minus all operating costs). Talley also had (1) interest charges of $40,000, (2) dividends received of $25,000, and (3) dividends paid of $40,000. Its federal tax rate was 21% (ignore any possible state corporate taxes). Recall that 50% of dividends received are tax exempt. What is the firms taxable income?

Round your answer to the nearest dollar. $

What is the tax expense?

Round your answers to the nearest dollar. $

What is the after-tax income?

Round your answers to the nearest dollar. $