Cokea, a corporation of Turkey, is engaged in the production and grapes and operates a branch in Texas. The branchs U.S. net equity was $1,000,000 as of the end of 2011. During 2012, the Texas branch had taxable income effectively connected with a U.S. trade/business of $1,000,000 and a U.S. income tax liability of $350,000. During 2012, the corporation purchased a new field in Texas for $500,000. At the end of 2012, the branchs U.S. net equity was $1,300,000. The Texas branch remitted $200,000 in cash to the head office in Turkey on September 30, 2012. What, if any, is the dividend equivalent amount for 2012? How would your answer change if the U.S. net equity of the branch was $1,650,000 at the end of 2012? How much tax would be owed