Tiger, Inc., owns $81\%$ of the only class of stock for a CFC named Wolf, Inc. Wolf, Inc. is based in Germany, and Tiger, Inc. is a US corporation. Both are calendar$-$year taxpayers and Tiger, Inc. has held stock in Wolf, Inc. since its inception. Wolf, Inc.$$s Subpart F income for the current tax year is $$1,100,000,$ the Current E&P is $$3,100,000,$ and no distributions have been made this year.

Tasks:

$1.$ Fill in the appropriate sections of Form K$-1.($HELP show me which ones to fill and answers$)$

$2.$ Calculate the amount of Subpart F Income that Tiger, Inc. will need to include in its gross income for the year.

$3.$ Perform any necessary calculations.

Schedule K$-1$

$($Form $1065)$

Department of the Treasury

Internal Revenue Service