the United States, at a cost of $16.50 per shirt and shipped to Country X where it is cut and s These shirts are sold in Europe for $84 per shirt. The profit on ea omfort Corporation is a U.S, shirt manufacturer with a foreign subsidiary in Country X. Cloth to make shirts is woven in ewn at a cost of $20.20 per shirt. ch shirt is $47.30, a portion of which is U.S. source income and a portion of which is foreign source income, depending on the price at which the cloth is transferred from the United States to Country X. a. If the tax rate in Country X is lower than the US. tax rate, would Cotton Comfort prefer a high transfer price or a low transfer price? At what transfer price would all of the profit on these shirts be tax in Country X? b. If the tax rate in Country X is higher than the U.S. tax rate, would Cotton Comfort prefer a high transfer price or a low transfer price? At what transfer price would all of the profit on these shirts be tax in the United States? Complete this question by entering your answers in the tabs below. Required A Required B If the tax rate in Country X is lower than the U.S. tax rate, would Cotton Comfort prefer a high transfer price or a low transfer price? At what transfer price would all of the profit on these shirts be tax in Country X? (Round your answer to 2 decimal places.) transfer price of Required B>