A & G Drug Store Inc. has been in operation for six years. The first four years it accumulated operating loss carryovers of $65,000. The fifth year it earned $25,000 in operating income and had $8,000 of dividend income. In its sixth year it had $54,000 in operating income and $11,000 of dividend income from X Corporation (A & Gowns 10% of X Corporation, and did so in year 5). Compute A & G Drug's tax liability for its sixth year.