1.Charles and Lucy Brown each had $100,000 in their respective IRAs on December 31 of last year. Each has named the other as beneficiary. They need to determine the amount each must withdraw once they are required to make withdrawals. This year, Charles turned age 70 on January 2 and Lucy turned age 70 on March 4. What is the required minimum distribution for each?

Please show your math. (Assume the IRS RMD Joint Life Table expected return for two individuals age 70 is 20.6, and when both are age 71, it is 19.8. The Uniform Table factor is 26.2 at age 70 and 25.3 at age 71.)