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:
$\begin{array}{lc}\text { Ordinary income } & \$ 800,000 \\\text { Net capital loss } & 60,000) \\\text { Interest income, IBM bond } & 40,000\end{array}$
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.

$$\begin{array} {l r r r } &\text { State A } & \text { All Other States } & \text { Total } \\ \text {Sales }&\$ 800,000 & \$ 1,200,000 & \$ 2,000,000 \\ \text {Property average cost) }&250,000 & 2,000,000 & 2,250,000 \\ \text {Payroll }&300,000 & 700,000 & 1,000,000\end{array}$$