8) State what amounts will be included in the assessable income of a resident individual shareholder in respect of the following indicating what, if any, franking credits would be available to that resident individual. (a) A distribution of $1,000, received from a resident public company, carrying an imputation credit of $400; (b) Unfranked distribution of $3,000, received from a resident private company; (c) A distribution of $4,000, carrying an imputation credit of $1,700, received from a resident private company Explain how your answers might be different if the shareholder was a resident private company (instead of a resident individual shareholder) 8) State what amounts will be included in the assessable income of a resident individual shareholder in respect of the following indicating what, if any, franking credits would be available to that resident individual. (a) A distribution of $1,000, received from a resident public company, carrying an imputation credit of $400; (b) Unfranked distribution of $3,000, received from a resident private company; (c) A distribution of $4,000, carrying an imputation credit of $1,700, received from a resident private company Explain how your answers might be different if the shareholder was a resident private company (instead of a resident individual shareholder)