work: Chapter 19 (B) ubiaunchuf=https%253A%252F%25Fimmheducation.com Saved Crain Company has a manufacturing subsidiary in Singapore that produces high-end exercise equipment for U.S. consumers. The manufacturing subsidiary has total manufacturing costs of $1,430,000, plus general and administrative expenses of $343,000. The manufacturing unit sells the equipment for $2,430,000 to the US, marketing subsidiary, which sells it to the final consumer for an aggregate of $3,430,000. The sales subsidiary has total marketing, general, and administrative costs of $193,000 Assume that Singapore has a corporate tax rate of 17% and that the US tax rate is 21%. Assume that no tax treaties or other special tax treatments apply. Required: What is the effect on Crain Company's total corporate-level taxes if the manufacturing subsidiary raises its price to the sales subsidiary by 20% ? (Do not round intermediate calculations. Input all amounts as positive values.) Total from Subsidiaries Income prior to increase in transfer price Revenues: $ 5,860,000 ces Direct costs 3,860,000 Other costs 536,000 Profit before tax 1,464,000 Tax Profit after tax Income after increase in transfer price Revenues Direct costs Other costs Profit before tax Tax Proft after tax Difference in after-tax profit S 6,346,000 4,346,000 536,000 1,464,000 4