Required information Problem 24-59 (LO 24-6) (Algo) The following information applies to the questions displayed below) USCO manufactures and markets electrical components, USCo operates outside the United States through a number of CFCs, each of which is organized in a different country. These CFCs derived the following income for the current year. Determine the amount of income that USCo must report as a deemed dividend under subpart Fin each scenario (Leave no answer blank. Enter zero if applicable.) Problem 24-59 Parta (Algo) a. Fi has gross income of $12 50 million, including $500 000 of foreign personal holding company interest and $12.00 million of gross Income from the sale of inventory that F1 manufactured at a factory located within its home country Amount of income reported milion Required information Problem 24-59 (LO 24-6) (Algo) The following information apples to the questions displayed below) USCo manufactures and markets electrical components. USCo operates outside the United States through a number of CFCs, each of which is organized in a different country. These CFCs derived the following income for the current year Determine the amount of income that USCo must report as a deemed dividend under subpart Fin each scenario. (Leave no answer blank. Enter zero if applicable.) Problem 24-59 Part b (Algo) b. F2 has gross income of $80 million, including $6.8 million of foreign personal holding company interest and $120 million of gross Income from the sale of inventory that F2 manufactured at a factory located within its home country (Round your final answer to 1 decimal place.) Amount of income reported million