Please include an explanation. I'm really trying to learn thematerial. Interest versus dividend income   Last​year, Shering Corporation had pretax earnings from operations of$484,000. In​ addition, it received $22,000 in income from intereston bonds it held in Zig Manufacturing and received $22,000 inincome from dividends on its 4% common stock holding in Tank​Industries, Inc. Shering is in the 21% tax bracket and is eligiblefor a 50% dividend exclusion on its Tank Industries stock.
a. Calculate the​ firm's tax on its operating earnings only.
b. Find the tax and the​ after-tax amount attributable to theinterest income from Zig Manufacturing bonds.
c. Find the tax and the​ after-tax amount attributable to thedividend income from the Tank​ Industries, Inc., common stock.
d.​ Compare, contrast, and discuss the​ after-tax amountsresulting from the interest income and dividend income calculatedin parts b. and c.
e. What is the​ firm's total tax liability for the​ year?
