Holmdel, Incorporated, a U.S. corporation, received the following sources of income:
$11,500 interest income from a loan to its 100 percent owned Swiss subsidiary.
$50,750 dividend income from its 5 percent owned French subsidiary.
$100,300 royalty income from its Bermuda subsidiary for use of a trademark outside the United States.
$25,150 rent income from its Canadian subsidiary for use of a warehouse located in New Jersey.
$50,150 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?
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Foreign source income...
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