?(Computing income taxes?) The William B. Waugh Corporation is a regional Toyota dealer. The firm sells new and used trucks and is actively involved in the parts business. During the most recent? year, the company generated sales of $ 3.03 million. The combined cost of goods sold and the operating expenses were ?$2.11 million.? Also, ?$396,000 in interest expense was paid during the year. Calculate the? corporation's tax liability.