Completion Status which will 1/1 QUESTION 1 Euroco is a foreign corporation that manufactures watches for sale worldwide. Euroco markets its watches in the United States through a branch sales office located in Boston. During Year 1. Euroco's effectively connected earnings and profits are $12 million, and its U.S. net equity is $24 million at the beginning of the year, and $16 million at the end of the year. In addition, Euroco's interest expense recorded and paid by the U.S. branch was $1,760,000 of portfolio interest paid to an unrelated foreign corporation and $800,000 of interest paid to a foreign corporation which owns 15% of the combined voting power of Euroco's stock. During Year 2, Euroco's effectively connected earnings and profits are $20 million, and its U.S. net equity at the end of the year is $18 million. In addition, Euroco's U.S. branch had recorded interest paid of $640,000 paid to a U.S. corporation. Euroco is not in a treaty country. What is Euroco's Dividend Equivalent Amount at the end of Year 1? 0.54 million Os $12 million Oc $20 million 04516 million QUESTION 2 Euroco is a fo 2.5 points Save Answ