You Are Completing the State a Income Tax Return for Quaint

You are completing the State A income tax return for Quaint Company, LLC. Quaint operates in various states with the following results: $\begin{array}{lc}\text { Ordinary income } & \$ 800,000 \\\text { Net capital loss } & (60,000) \text { Interest } \\\text { income, IBM bond } & 40,000\end{array}$ In State A, all interest is treated as apportionable income. State A uses a sales-only apportionment factor. Compute
Quaint's State A taxable income. $$\begin{array} { l r r r } & \text { State A } & \text { All Other States } & \text { Total } \\\text { Sales } & \$ 800,000 & \$ 1,200,000 & \$ 2,000,000 \\\text { Property (average cost) } & 250,000 & 2,000,000 & 2,250,000 \\\text { Payroll } & 300,000 & 700,000 & 1,000,000\end{array}$$