4. The trustee of Pace Trust can distribute any amount of accounting income and corpus to the trust beneficiaries, Lynda and Scott. This year the trust incurred the following :

Taxable interest income $40,000

Tax-Exempt interest income $20,000

Long-term capital gains (allocable to corpus) $80,000

Fiduciary's fees (allocable to corpus) $9,000

The trustee distributed $26,000 to Lynda and $13,000 to Scott.

a. What is the Pace Trust accounting income?

b. What is the trust DNI?

c. What is the Pace Trust taxable income?

d. What is the distribution deduction?

e . What amount of tax will the Trust pay?

f. What is the amount and character of income tax to each of the beneficiaries?