In each of the following independent situations, determine the corporation's income tax liability. Assume that all corporations use a calendar year for tax purposes and that the tax year involved is 2016.

_______________________________________ Taxable Income

Purple Corporation ........................................... $ 65,000

Azul Corporation ............................................. 290,000

Pink Corporation .......................................... 12,350,000

Turquoise Corporation ....................................19,000,000

Teal Corporation (a personal service corporation) ........130,000