Santana Music is a U.S.-based MNC whose foreign subsidiary had pretax income of $59,000; all after-tax income is available in the form of dividends to the parent company The local tax rate is 42%, the foreign dividend withholding tax rate is 5 1%, and the U S tax rate is 34%. Compare the net fands available to the parent corporation a a foreign taxes cannot be applied as a credit against the U.S. tax liability and (b) if they can The dividend available to be declared is S(Round to the nearest dollar) The dividends that Santana will actually receive is s(Round to the nearest dolar) (a) If foreign taxes cannot be aplied against the U.S. tax liability, the net funds available to Santana is (Round to the nearest dollar ) (b) If foreign taxes can be applied against the US. tax liability, the net funds available to Santana is (Round to the nearest dollar)