T-Mobile Wi-Fi1:39 PM LO 13-3 2 7. Cromwell Corporation does business in two states, A and B. State A uses an equal-weighted three-factor apportionment formula and has a 5 percent state tax rate. State B uses an apportionment formula that double-weights the sales factor and has a 6 percent state tax rate. Cromwell's state-level taxable income, before apportionment, is $2 million. It has identified the following components of its sales, payroll, and property factors: State A State B Sales $6,000,000 $4,000,000 $ 2,000,000 1,200,000 Average property 1,000,000 800,000 Payroll