ABC Co., a corporation had gross sales of $500,000 in 2008. Additionally, the company also received $100,000 in dividend income and $50,000 as interest income. The total expenditures of this company for 2008 were $272,000.
Suppose the tax rate on taxable income under $100,000 is 25% anything over $100,000 the rate is 39%.
Calculate company's taxable income.