Problem 8-30 (LO. 3) Boulder Corporation owns all of the stock of PebbleCo, so together they constitute a Federal affiliated group and a parent-subsidiary controlled group. By completing the following table, delineate for Boulder's tax department some of the effects of an election to file Federal consolidated income tax returns If an amount is zero, enter "O" Click here to access the corporate tax schedule If the Group Files a If Separate Income Tax Consolidated Returns Continue to Be Situation Return Filed a. What amount of the $1,000,000 cash dividend paid by PebbleCo to 0 0 Boulder is taxable? b. Taxable income for both group members this year is $50,000 each Assuming that Boulder is allocated the 15% tax bracket, what is the income tax? Boulder's tax liability is $95,000, and Pebble's liability totals $75,000 For what amount is Boulder liable? c. $170,000 d. Boulder uses the LIFO method for its inventories, but Pebble wants to use FIFO for its own inventories Allowed Allowed