Strumco, an accrual basis U$.$S$.$ corporation, manufactures string instruments for sale both in the United States and abroad. Strumco$$s functional currency is the U$.$S$.$ dollar. Two years ago, Strumco established a branch sales office in Denmark. The sales office is a qualified business unit with the Danish krone $($kr$)$ as its functional currency. In Year $1,$ the branch had kr$60$ million of taxable income, and paid kr$10$ million in Danish income taxes. The Danish krone had an average exchange rate in Year $1$ of kr$1$ equals $$1\mathrm{.}30$ and the spot rate on the date the income tax was paid was kr$1$ equals $$1\mathrm{.}20.$

What are the United States tax consequences of the branch$$s activities in Year $1?$