Last Year,Martyn Company Had $440,000 in Taxable Income from Its

Last year,Martyn Company had $440,000 in taxable income from its operations,$50,000 in interest income,and $100,000 in dividend income.Using the corporate tax rate table given below,what was the company's tax liability for the year? $\begin{array}{lrr}\text { Taxable Income } & \text { Tax on Base of Bracket } & \text { Percentage on Excess above Base } \\\$ 0-\$ 50,000 & \$ 0 & 15 \% \\\$ 50,000-\$ 75,000 & 7,500 & 25\\\$ 75,000-\$ 100,000 & 13,750 & 34 \\\$ 100,000-\$ 335,000 & 22,250 & 39 \\\$ 335,000-\$ 10,000,000 & 113,900 & 34\\\$ 10,000,000-\$ 15,000,000 & 3,400,000 & 35 \\\$ 15,000,000-\$ 18,333,333 & 5,150,000 & 38 \\\text { Over } \$ 18,333,333 & 6,416,667 & 35\end{array}$
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Assume a 70% dividend exclusion for tax on dividends.

A) $176,800
B) $221,000
C) $215,696
D) $160,888
E) $212,160