Obispo, Inc

Short Answer

Obispo, Inc., a U.S. corporation, received the following sources of income during 2017:$20,000 interest income from a loan to its 100 percent owned U.S. subsidiary.$30,000 dividend income from its 100 percent owned Canadian subsidiary.$50,000 royalty income from its Irish subsidiary for use of a trademark within the United States.$40,000 rent income from its Dutch subsidiary for use of a warehouse located in Belgium.$3,000 capital gain from sale of stock in its 40 percent owned Mexican joint venture. Title passed in the UniteStates.What amount of foreign source income does Obispo have in 2017?