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\#P2 Americo Industries' Consolidate Earnings. Americo must pay corporate income tax in each country in which it currently has operations. 1. After deducting taxes in each country, what are Americo's consolidated earnings and consolidated earnings per share in U.S. dollars? 2. What proportion of Americo's consolidated earnings arise from each individual country? 3. What proportion of Americo's consolidated earnings arise from outside the United States? 4. Americo has been watching the new U.S. tax plan in Congress. The latest news is that the U.S. may cut its corporate income tax rate to 20% beginning in 2022 . How would this change Americo's EPS