Your corporation has the following cash flows Operating income Interest received Interest paid Dividends received Dividends paid $250,000 $10,000 $45,000 $16,000 $50,000 If the applicable income tax rate is 40% ( federal and state combined), and if 70n% of dividknds received are exempt from taxes, what is the corporation's tax liability? O a. $92,316 O b. $87.920 Oc$70,336 O d. $88,799 Oe $81.766