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Last year, your firm had $3,700,000 in sales, $50,000 in interest expense, and $80,000 in dividend...

Last year, your firm had $3,700,000 in sales, $50,000 in interest expense, and $80,000 in dividend income. Costs of goods sold totaled $2,500,000 and cash operating expenses came to $500,000. The firm sold some old equipment for a $20,000 capital loss. Calculate the firm’s tax payment. tax rate 21%

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