ps:+1 Stay Home- Mobily III. Case Study-2-B 644 gw > ACCT 321 Second Semester 2020 Case Study 2 Stanley Company imports wooden bowls from its Australian subsidiary. Per unit, this product costs the Australian subsidiary $8.00 to produce and $1.00 to ship to Stanley Company, Stanley Company uses bowls for home and kitchen set that it sells to US. furniture stores for S20 per unit. The following tax rates apply: 30 Australian income tax US income tax U.S. import duty 10% of invoice price Required: 1. If the wooden bowl is sold to Stanley Company at a price of S16 per unit determine the total amount of a) Net income b) Taxes and duties paid to the US and Australian governments. 2. If the wooden bowl is sold to Stanley Company at a price of S18 per unit, determine the total amount of a) Net income b) Taxes and duties paid to the U.S. and Australian governments. 3. Explain why the results obtained in parts (1) and (2) differ