5 Part 2 of 2 Required information The following information applies to the questions displayed below) Sombrero Corporation, a U.S. corporation, operates through a branch in Espania Management projects that the company's pretax income in the next taxable year will be $135,100: $106,400 from US. operations and $28.700 from the Espania branch. Espania taxes corporate income at a rate of 30 percent 1 peints li b. Management plans to establish a second branch in Italia Italia taxes corporate income at a rate of 10 percent. What amount of Income will the branch in Italia have to generate to eliminate the excess credit generated by the branch in Espania? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) Hint Print erences