5 years after its formation, Up the Hill Corporation wants to pay dividends to its shareholders Jack and Jill. On 1/1 Year 6, it has accumulated E\&P of $10,000, and on 12/31 it has current E\&P of $50,000. It distributes a $30,000 cash dividend to Jack on 6/30 and a $70,000 cash dividend to Jill at end of year. A. How much of the dividend distribution is taxable to Jack and Jill? B. What is the effect to UTH's current and accumulated E\&P? C. What is accumulated E\&P on 1/1, Year 7