Problem 24-42 (LO 24-1) (Algo) Waco Leather Incorporated, a US corporation reported total taxable income of $4,75 million. Taxable income included $143 million of foreign source taxable income from the company's branch operations in Mexico. All of the branch income is foreign branch income. Waco paid Mexican income taxes of $286,000 on its branch income Compute Waco's allowable foreign tax credit. (Enter your answer in dollars and not in millions of dollars.) Foreign tax credit D