Exercise 9-13 (Algorithmic) (LO. 5) Cordeio, Inc., is a controlled foreign corporation (CFC) for the entire tax year. Yancy Company, a U.S. corporation, owns 75% of Cordeio's one class of stock for the entire year. Cordeio's Subpart F income is $635,000, and no distributions have been made during the year. Both entities use the calendar tax year. Assume a 365-day year and not a leap year. Round any division to six decimal places and use in subsequent computations. Round your final answers to the nearest dollar. a. What amount does Yancy include in gross income as a constructive dividend for the tax year? $ b. Assume that Cordeio is a CFC until March 1 of the calendar tax year. What amount does Yancy include in gross income as a constructive dividend for the tax year? $1 C. Select your answer to part (b) as a Microsoft Excel formula. CONSTRDIV=MAX(O,PCTOWNEDX SUBFINCX (DAYSCFC/DAYS)) Feedback Check My Work Subpart F, $$ 951-964 of the Code, provides that certain types of income generated by controlled foreign corporations (CFCs) are included in current-year gross income by the U.S. shareholders, without regard to actual distributions