Assignment A Information for Year 1, Year 2, and Year 3 for the Andean branch of Powell Corporation is presented in the following table. The corporate tax rate in the Andean Republic changes drastically year-to-year. The U.S. corporate tax rate each year is 21%. 1. For Year 1, Year 2, and Year 3, what is the foreign tax eredit allowed in the United States (fill in the table with your answer)? Show your work to receive credit, a. $22,500,$40,000, and $42,000 c. $22,500,$40,000, and $44,000 d. $11,250,$20,000, and $21,000 c. $31,500,$42,000, and $44,000 2. For Year 2 , what is the net U.S. tax liability? Show your work to receive creditit a. $40,000 b. \$o c. $4,000 d. $1,000 e. $2,000 f. $42,000 3. For Year 3, what is the net U.S. tax liability? a. $40,000 b. \$o c. $4,000 d. $1,000 e. $2,000 f. $42,000