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32. L0.5 The Chief consolidated group reports the following results for the tax year. Dollar amounts are listed in millions. SubOne SubTwo $140 SubThree (590)

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32. L0.5 The Chief consolidated group reports the following results for the tax year. Dollar amounts are listed in millions. SubOne SubTwo $140 SubThree (590) (25) Consolidated $ 850 Parent $600 -0- 250 $200 -0- 35 Ordinary income Capital gain/loss 5 1231 gain/loss Separate taxable incomes 200 60 (50) -0- $850 $200 $150 (590) with a $25 capital loss carryover $1,085 Consolidated taxable income Consolidated tax liability Energy tax credit, from SubOne Net tax due $ 228 (20) $ 208 Determine each member's share of the consolidated tax liability. All of the members have consented to use the relative taxable income method

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