Dakota Corporation had a 2015 taxable income of $33500000

Question: The Dakota Corporation had a 2015 taxable income o…

The Dakota Corporation had a 2015 taxable income of $33,500,000 from operations after all operating costs but before (1) interest charges of $8,600,000; (2) dividends received of $760,000; (3) dividends paid of $5,300,000; and (4) income taxes.