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Question - Andrews Corporation has income from operations of $239,000. In addition, it received interest income of $23,900 and received dividend income of $29,100 from another corporation. Finally, it paid $9,600 of interest income to its bondholders and paid $45,400 of dividends to its common stockholders. Using the 2013 corporate tax schedule, what is the firm's federal income tax? Round your intermediated and final answers to the nearest cent.
Financial Statement Analysis and Preparation
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