a) Calculate the State X apportionment factor for Sharon Inc, Carol Corp, Josey Corp, and Janice Corp.

b) Calculate the business income apportioned to State X.

c) Calculate the taxable income for State X for each company.

d) Determine the tax liability for State X for the entire group.

Please show/explain all work. Thank you for the help!

Required information (The following information applies to the questions displayed below.) Sharon Inc. is headquartered in State X and owns 100 percent of Carol Corp., Josey Corp., and Janice Corp., which form a single unitary group. Assume sales operations are within the solicitation bounds of Public Law 86-272. Each of the corporations has operations in the following states: Domicile State Dividend income Business income Sales: State X State Y State z State A State B Property: State X State Y State z State A Payroll: State x State Y State z State A Sharon Inc. Carol Corp. Josey Corp. Janice Corp. State x State Y State z State 2 (throwback) (throwback) (nonthrowback) (nonthrowback) $ 1,270 $ 730 $ 325 $ 585 50,200 47,000 17,600 11,700 83,000 11,000 19,400 15,500 41,000 7,300 27,900 22,500 18,500 29,400 12,800 10,800 67,500 20,500 15,300 92,250 36,500 24,750 64,750 12,800 12,200 47,500 7,200 19,100 16,800 Compute the following for State X assuming a tax rate of 15 percent. (Use an equally weighted three-factor apportionment. Round all apportionment factors to 4 decimal places. Round other answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) Determine the tax liability for State X for the entire group