Holmdel, Incorporated, a U.S. corporation, received the following sources of income:

$12,000 interest income from a loan to its 100 percent owned Swiss subsidiary.

$51,000 dividend income from its 5 percent owned French subsidiary.

$100,400 royalty income from its Bermuda subsidiary for use of a trademark outside the United States.

$25,200 rent income from its Canadian subsidiary for use of a warehouse located in New Jersey.

$50,200 capital gain from sale of stock in its 40 percent owned Japanese joint venture. Title passed in Japan.

What amount of foreign source income does Holmdel have?

Answer rating: 100% (QA)

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