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 $$113,400$ : $$88,400$ from U$.$S$.$ operations and $$25,000$ 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.

Problem $24-53$ Part$-$b $($Algo$)$

b$.$ Management plans to establish a second branch in Italia. Italia taxes corporate income at a rate of $10$ percent. What amount of income will the branch in Italia have to generate to eliminate the excess credit generated by the branch in Espania?

Income