0 0 bo 10 DO Do 1. (LO1) Based on the following information, calculate Blitzen Corporation's taxable income and tax liability. Gross receipts Interest income Municipal interest income Capital gains Cost of goods sold Advertising expense Depreciation expense Rent expense Wages paid Utilities Entertainment expense Fines and penalties Other operating expenses $1,425,000 2,200 1,600 16,800 $ 580,000 $ 12,000 42,000 36,000 $225,000 $ $ $ $ $ $ $ 6,000 10,000 800 18,000 with a fair