16. The trustee of a testamentary trust had distributable net income of $30,000 on December 31, 2014, the last day of the trusts income tax year. On March 3, 2015 the trustee made a distribution of all distributable net income on hand as of December 31, 2014 to the trust beneficiaries . The trustee

a. may elect to have the distribution treated as though made on December 31, 2014.

b. cannot elect to have the distribution treated as though made on December 31, 2014.

c. is limited to the lesser of distributable net income or trust accounting income to be deemed as distributed on December 31, 2014.

d. cannot elect to have the distribution treated as though made on the prior December 31 for the first income tax year of the trust.