Question: please explain show work. even how to get income before divided please show work!! Last year, your company had sales of $2.4 million. The firm's

 please explain show work. even how to get income before divided
please explain show work. even how to get income before divided
please show work!!

Last year, your company had sales of $2.4 million. The firm's costs of goods sold amounted to 34% of sales. The firm also paid cash operating expenses of $1,200,000, and had $80,500 in depreciation expense. The firm had $450,000 in 9% coupon bonds outstanding and paid $25,000 in dividends to its common stockholders. Also, the firm received $40,000 in dividend income from its holdings of other common stocks. Compute the corporation's tax liability

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