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References Check my work Oldham Inc. conducts business in State M and State N, which both use the UDITPA three-factor formula to apportion income. State M's corporate tax rate is 4.5 percent. and State N's corporate tax rate is 7 percent. This year, Oldham had the following sales, payroll, and property (in thousands of dollars) in each state: State 34' State N Total Gross receipts from sales $3,000 $7,500 $10,500 Payroll expense 300 1,200 2,000 Property costs 900 1,000 1,900 ' Required: If Oldham's beforeLtax income was $3 million, compute its State M and State N tax. (Round all apportionment factors to 4 decimal places, e.g., 47.15% would be 0.4715. Enter "Apportionment percentage" and \"Tax rate" in decimals and not in percentage. Enter your answers In dollars and not in millions or thousands of dollars.) Total taxable income subject to apportionment Apportionment percentage State taxable income State tax