Question: Problem 9-24 (Algorithmic) (LO. 3) USCo incurred $155,000 in interest expense for the current year. The tax book value of USCo's assets generating foreign-source income

Problem 9-24 (Algorithmic) (LO. 3) USCo incurred $155,000 in interest expense for the current year. The tax book value of USCo's assets generating foreign-source income is $7,750,000. The tax book value of USCo's assets generating u.S.-source income is $77,500,000. How much of the interest expense is allocated and apportioned to foreign-source income? Do not round intermediate computations but if required, round your final answer to the nearest dollar

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