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The Trio affiliated group consists of Trio, a New Jersey corporation, and its three wholly owned subsidiaries. This year, the four corporations report the following:

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The Trio affiliated group consists of Trio, a New Jersey corporation, and its three wholly owned subsidiaries. This year, the four corporations report the following: Trio Subsidiary 1 Subsidiary 2 Subsidiary 3 Net Income (Loss) $ 438,000 (193,000) 402,000 613,000 If Trio elects to file a U.S. consolidated return, compute consolidated taxable income assuming that: a. Subsidiary 1 is a domestic corporation, and Subsidiaries 2 and 3 are foreign corporations. b. Subsidiaries 2 and 3 are domestic corporations, and Subsidiary 1 is a foreign corporation. Complete this question by entering your answers in the tabs below. Required A Required B Compute consolidated taxable income assuming that Subsidiary 1 is a domestic corporation, and Subsidiaries 2 and 3 are foreign corporations. Consolidated taxable income Required A Required B

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