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1. Exhibit 20.10 presents the tax reconciliation table for ToyCo, a $5 billion designer and distributor of children's toys. Convert the tax table from

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1. Exhibit 20.10 presents the tax reconciliation table for ToyCo, a $5 billion designer and distributor of children's toys. Convert the tax table from per- centages to millions of dollars. Separate the converted tax table into three groups: taxes attributable to domestic income, other operating taxes, and nonoperating taxes. Treat "other, net" as nonoperating. EXHIBIT 20.10 ToyCo: Tax Reconciliation Table Year 1 Year 2 Year 3 Statutory income tax rate 35.0 35.0 35.0 State and local income taxes, net 1.1 1.0 0.7 Repatriation of foreign earnings 3.5 Liabilities settleable in common stock 3.4 Tax on international earnings (6.5) (7.9) (7.5) Exam settlements (6.5) (0.8) (0.5) Other, net 1.5 (0.4) 1.5 Effective tax rate 28.0 30.4 29.2 Profits, $ million Operating profits (EBITA) 587.1 572.6 673.6 Earnings before taxes 462.3 441.1 529.7

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