As a result of several mergers and acquisitions, stock in four companies has been distributed...

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Accounting

As a result of several mergers and acquisitions, stock in four companies has been
distributed among the companies. Each row of the following table gives the
percentage of stock in the four companies that a particular company owns and the
annual net income of each company.
So company A holds 70% of its own stock, 2% of the stock in company B,11% of the
stock in company C, etc. For the purpose of assessing a state tax on
corporate income, the taxable income of each company is defined to be its share of
its own annual net income plus its share of the taxable income of each of the
other companies, as determined by the percentages in the table. What is the taxable
income of each company (to the nearest thousand dollars)?
Use the variables x1 to represent taxable income of company A,x2 to
represent taxable income of company B,x3 to represent taxable income of
company C, and x4 to represent taxable income of company D, and write the
system of equations that can be used to find all of the taxable incomes in
millions of dollars.
The equation that represents the calculation of company A's taxable income is
x1-0.02x2-0.11x3-0.12x4=2.59.
The equation that represents the calculation of company B's taxable income is
-0.13x1+x2-0.14x3-0.12x4=3.237.
The equation that represents the calculation of company C's taxable income
is -0.07x1-0.13x2+x3-0.14x4=2.077.
The equation that represents the calculation of company D's taxable income
is -0.1x1-0.02x2-0.08x3+x4=2.666.
(Simplify your answers. Use integers or decimals for any numbers in
the equations.)
The taxable income for company A is $ million. The taxable income for
company B is $ million. The taxable income for company C is $ million.
The taxable income for company D is $ million.
(Round to the nearest thousandth as needed.)
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