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pleZe answer asap (Corporate income tax) Sandersen Inc. sells minicomputers....

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(Corporate income tax) Sandersen Inc. sells minicomputers. During the past year the company's sales were $3.1 million. The cost of its merchandise sold came to $1.8 million, and cash operating expenses were $408,000; depreciation expense was $103,000, and the firm paid $153,000 in interest on its bank loans. Also, the corporation received $47,000 in dividend income but paid $20,000 in the form of dividends to its own common stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window, Calculate the gross profits. The gross profits are $ (Round to the nearest dollar.) Calculate the operating profits. The operating profits are $ (Round to the nearest dollar.) Calculate the taxable dividend income. The taxable dividend income is $ (Round to the nearest dollar.) Calculate the taxable ordinary income. The taxable ordinary income is $ (Round to the nearest dollar.) Calculate the total tax due. The total tax due is $ (Round to the nearest dollar.) Data table

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