About the corporations tax liability

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Reference no: EM131010435

Sandersen Inc. sells minicomputer. During the past year, the company sales were 3.17 million. The cost of its merchandise sold came to 1.85 million and cash operating expenses were 340,000; depreciation expense was 100,000 and the firm paid 146,000 in interest on its bank loan. Also the corporation paid 28,000 in the form of dividends to its own common stockholders. Calculate the corporation’s tax liability.

Reference no: EM131010435

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