Problem \# 1 (10 points) show your work. Wilson Inc. sells computer software. The company's past year's sales were SIS million, The cost of its merchandise sold came to $8 million. Operating expenses were $3 million)and depreciation expenses were $2 million), The firm paid ' $1,000,000 interest on loans and received $500,000V interest income. Wilson received $1,000,000 in dividends from 25 percent stockholding in the Fareed Company and paid $600,000 in dividend to its shareholders. Wilson also sold 20,000 shares of Upjohn stocks at $30 each. These shares were purchased at $20 per share 6 months ago. Calculate the company's taxable income