Required: El DetEFFTllnE tl'IE amount D1: fcireign EDUI'EE return in each at the three we re. hi netennine the amnunt uf fare: determining Its LLB. ta: cl Determine the amount the three years. illl DEtEmeE Eeatle BEllETS net U5. ta}: liability in each cf the three years. income Beetle Bailey will include in its US. tax en tax credit Beetle Bailey will he alinwed tn ta ice in liability.I In each of the three years. all excess fereign tax credits, If any; Be atle Halli}? Will have in each at 5- Beetle Beilev 'iIorm:iarr-,,r :a LLS. based company} has subsidiaries in three countries; ii, 'i, and I. All three subsidiaries manufacture and seil products in their host countm Corporate income tax rates in these three countries over the most recent three-year period are as follows: 'i'.'noi.rr|i:r'5ir 'fear 1 "I'ear 2 1fear 3 K 5055 50% 409i: \"f 2591': 20% 1556 E 35% sees E None of these countries imposes a withholding tax on dividends distributed to a foreign parent company. The LLS. corporate income to: rate Over this period was 35 percent. Freda): inoome earned by ea ch subsidiary and the percentage of after-tax income paid to Beetle Eailer over the most recent th roeyear period are as follows: \"rear 1 '.fear 2 Year 3 Subsidiary iii Pretais income 51W,DUU $lDUJ2|D swoon-:1 Dividends iii of afterrtax Income} 100% seas 159s Selirsiiliisr'llr 'I"' Pro-tax income ilmm Scooboo szooboo Divid ends {56 of afte r-tas income} 50% 5053 605i. Subsidiary I Fire-tax income $300,000 $300,000 53m,000 Dividends ['36 of after-ta: income] 110% 40% mos