Wholesaler. The company's sales last year were $1.04 million, with the cost of goods sold equal to $629,000. The firm paid interest of $213,000, and its cash operating expenses were $128,000 Also, the firm received $32,000 in dividend income while paying only $11,000 in dividends to its preferred stockholders. Depreciation expense was $160,000 Compute the firm's tax liability by using the corporate tax rate structure in the popup window Based on your answer, does management need to take any additional action? Calculate the gross profits The gross profits are S (Round to the nearest dollar)

Caiculate ahe yous pites. Data table (Click on the following icon , in order to copy its contents into a spreadsheet)