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$[$The following information applies to the questions displayed below.$]$

Sombrero Corporation, a U$.$S$.$ corporation, operates through a branch in

Espania. Management projects that the company's pretax income in the

next taxable year will be $$118,500$ : $$94,400$ from U$.$S$.$ operations and

$$24,100$ from the Espania branch. Espania taxes corporate income at a

rate of $30$ percent.

Note: Do not round intermediate calculations. Round your final answer

to the nearest whole dollar amount.

a$.$ If management's projections are accurate, what will be Sombrero's excess foreign tax

credit in the next taxable year? Assume all of the income is foreign branch income.

$[$The following information applies to the questions displayed below.$]$

Spartan Corporation, a U$.$S$.$ company, manufactures green eyeshades for

sale in the United States and Europe. All manufacturing activities take

place in Michigan. During the current year, Spartan sold $16,400$ green

eyeshades to European customers at a price of $$14\mathrm{.}20$ each. Each

eyeshade costs $$6\mathrm{.}10$ to produce.

For each independent scenario, determine the source of the gross

income from sale of the green eyeshades.

a$.$ All of Spartan's production assets are located in the United States.

Answer is complete but not entirely correct.

Apportioned to production activity $-$ U$.$S$.$ source

$$,66,420$