Question 2 of 5 8 Points Click to see additional instructions LuckyCo, a domestic corporation, operates in Europe through Luckyl, a wholly owned Irish subsidiary. At the end of 2016, Luckyl's pools of post-1986 undistributed earnings and post-1986 foreign income taxes are as follows: Undistributed earnings Foreign income taxes General limitation income $96 million $84 million Passive income $48 million $6 million Totals $144 million $90 million During the year (2016), Luckyl distributed a $48 million dividend to LuckyCo. Compute LuckyCo's pre-credit U.S. tax, foreign tax credits, as well as the residual U.S. tax, if any, on the dividend LuckyCo received from Luckyl. Assume the U.S. tax rate is 35%. Pre-credit U.S. tax is $ General basket foreign tax credit is $ (enter O if none or N/A) Passive basket foreign tax credit is $ (enter O if none or N/A) Residual U.S. tax liability is $ (enter O if none or N/A) Question 2 of 5 8 Points Click to see additional instructions LuckyCo, a domestic corporation, operates in Europe through Luckyl, a wholly owned Irish subsidiary. At the end of 2016, Luckyl's pools of post-1986 undistributed earnings and post-1986 foreign income taxes are as follows: Undistributed earnings Foreign income taxes General limitation income $96 million $84 million Passive income $48 million $6 million Totals $144 million $90 million During the year (2016), Luckyl distributed a $48 million dividend to LuckyCo. Compute LuckyCo's pre-credit U.S. tax, foreign tax credits, as well as the residual U.S. tax, if any, on the dividend LuckyCo received from Luckyl. Assume the U.S. tax rate is 35%. Pre-credit U.S. tax is $ General basket foreign tax credit is $ (enter O if none or N/A) Passive basket foreign tax credit is $ (enter O if none or N/A) Residual U.S. tax liability is $ (enter O if none or N/A)