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Problem 16-35 (LO. 5) Tootie Corporation operates in states A and B as indicated below. All goods are manufactured in State A. Both states follow

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Problem 16-35 (LO. 5) Tootie Corporation operates in states A and B as indicated below. All goods are manufactured in State A. Both states follow the UDITPA and the MTC regulations in this regard. Sales shipped to State A locations $300,000 Sales shipped to State B locations 500,000 Interest income from Tootie's State B business checking accounts 5,000 Rent income from excess space in State A warehouse 40,000 Interest income from Treasury bills in Tootie's State B brokerage account, holding only idle cash from operations 65,000 One-time sale of display equipment to State B purchaser (tax basis $90,000) 75,000 Royalty received from holding patent, licensed to State B user 90,000 When computing Tootie's sales factor for the year, the sales to be assigned to State A is $ and to State B is

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