Velocity, Inc., a foreign corporation, operates a U.S. branch. It reports the following tax results and other information for the year.

Pretax earnings effectively connected with a U.S. trade or business	$900,000
U.S. corporate tax (at 34%)	306,000
Remittance to home office	400,000
Increase in U.S. net equity	194,000

a. Compute Velocitys dividend equivalent amount for the tax year. Velocity's dividend equivalent amount is $______

b. Determine Velocitys liability for the branch profits tax for the year. The branch profits tax is $____