(1) XYZ Corporation is a calendar-year corporation and As adjusted basis in his XYZ stock was $3,100 as of 1/1/12. During the year 2012, it makes the following cash distributions to A, its sole shareholder:

April 30 $12,000

October 31 $ 8,000

What is the amount and source of each distribution taxable as a dividend to A under each of the following assumptions?

(a) Accumulated Earnings and Profits as of 1/1/12 of $-0-. Current Earnings and Profits for 2012 of $14,000 all of which is attributable to the period May 1 though December 31.

(b) Accumulated Earnings and Profits as of 1/1/12 of $10,000. Current Earnings and Profits for 2012 of $5,000.

(c) Accumulated Earnings and Profits as of 1/1/12 of negative $15,000. Current Earnings and Profits for 2012 of $16,000.

(d) Accumulated Earnings and Profits as of 1/1/12 of $20,000. Current Earnings and Profits of negative $15,000.