ABC has a controlling interest in Smiths outstanding stock. At the current year-end, the following information has been accumulated for these two companies: Separate Operating Income Dividends Paid ABC $545,000 $115,000 (includes a $113,000 net gross profit in intra-entity ending inventory) Smith 260,000 80,000 ABC uses the initial value method to account for the investment in Smith. The separate operating income figures just presented include neither dividend nor other investment income. The effective tax rate for both companies is 21 percent. * Assume that ABC owns 100 percent of Smiths voting stock and is filing a consolidated tax return. What income tax amount does this affiliated group pay for the current period? * Assume that ABC owns 92 percent of Smiths voting stock and is filing a consolidated tax return. What amount of income taxes does this affiliated group pay for the current period? * Assume that ABC owns 65 percent of Smiths voting stock, but the companies elect to file separate tax returns. What is the total amount of income taxes that these two companies pay for the current period? * Assume that ABC owns 70 percent of Smiths voting stock, requiring separate tax returns. What is the total amount of income tax expense to be recognized in the consolidated income statement for the current period? (Round your intermediate calculations and final answer to nearest whole dollar amount.) * Assume that ABC owns 70 percent of Smiths voting stock so that separate tax returns are required. What amount of income taxes does ABC have to pay for the current year?