LO.5 Tootie Corporation operates in two states, as indicated below. All goods are manufactured in State A. Determine the sales to be assigned to both states in computing Tootie’s sales factor for the year. Both states follow the UDITPA and the MTC regulations in this regard.

Sales shipped to A locations $300,000 Sales shipped to B locations 500,000 Interest income from Tootie’s B business checking accounts 5,000 Rent income from excess space in A warehouse 40,000 Interest income from Treasury bills in Tootie’s B brokerage account, holding only idle cash from operations 65,000 One-time sale of display equipment to B purchaser (tax basis $90,000) 75,000 Royalty received from holding patent, licensed to B user 90,000