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