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Mutual Investment 20% parent P Subsidiary P S Income $300,000. Dividends 100,000 70% S *$200,000 S0,000 * note: the income of each Company does not

Mutual Investment 20% parent P Subsidiary P S Income $300,000. Dividends 100,000 70% S *$200,000 S0,000 * note: the income of each Company does not include its right from the income of the other Required. Calculate P's right to S's income and S's right to Ps income

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