Your client Zenith a C corporation involved the retail trade business has submitted to you the following selected financial data from the tax year 2017:

$

Gross receipts 25,800,000

Cost of goods sold 21,300,000

Dividends received (less than 20%-owned) 120,000

Interest Income 40,000

Interest Expense 850,000

Depreciation 575,000

Other Operating Expenses 1,500,000

Dividends received deduction 84,000

Zenith wants you to compare 2017 to 2018 assuming that 2018 financial results are the same as above.

You should clearly state the tax savings that is the direct result of TCJA of 2017. What is the TAX SAVINGS in $