Edward Corporation, Domestic Corporation, had the following data in 2022: Gross income of 1 million (50% from USA); Operating expense is 400,000 (50% USA); interest expense (not included in OPEX) of...

Extracted text: Edward Corporation, Domestic Corporation, had the following data in 2022: Gross income of 1 million (50% from USA); Operating expense is 400,000 (50% USA); interest expense (not included in OPEX) of 100,000; prizes-USA of 80,000; interest from bank deposits USA of 100,000; royalties-USA of 100,000; sale of machinery at gain of (capital asset held for 5 years)-Phil of 100,000. Total Assets of Edward Corporation is 150 million. What is the income tax payable? a. 220,000 b. 228,250 C. 182,600 d. 212,000 е. None of the above