In each of the following independent situations, determine the corporation’s income tax liability. Assume that all corporations use a calendar year for tax purposes and that the tax year involved is 2019.

Taxable Income
Purple Corporation ..........................................................$ 65,000
Azul Corporation ...............................................................290,000
Pink Corporation ..........................................................12,350,000
Turquoise Corporation ................................................19,000,000
Teal Corporation (a personal service corporation) .......130,000