Fatigue, a domestic corporation, sells energy bars and has $6,000,000 of domestic sales and $2,000,000 of foreign sales and taxable income of $600,000 from the domestic sales and $200,000 from the foreign sales. Fatigue's adjusted basis in its depreciable business assets is $500,000. Fatigue pays foreign taxes of $21,000 on its foreign sales. Title to the foreign inventory passes outside the US. What are the tax consequences to Fatigue?