Need help with both problems 22

21. 4pt- Your corporation has the following cash flows: Operating income Interest received Interest paid Dividends received Dividends paid $250,000 10,000 $45,000 20,000 S 50,000 If the applicable income tax rate is 30% (federal and state combined), and if 60% ofdividends received are exempt from taxes, what is the corporation's tax liability? (answer to nearest cents) 22.4pt-ABC Inc's current quick ratio is 40%, its total current asset is $625,000, and its current liabilities is $575,000. The new CFO wants to establish a quick ratio of 80%. The current current liabilities of the firm will not change. How much inventories must the company subtract to achieve the target quick ratio? (answer to nearest cents) asset and