A CPA recently completed an earnings and profits $($E&P$)$ study for Mylan Corp., a calendar year

C corporation. The results of the study indicated that Mylan had accumulated E&P of $$50,000$

as of January $1,$ Year $2,$ and current E&P of $$450,000$ for Year $2.$ Mylan made a cash

distribution to its three shareholders on December $31,$ Year $2,$ as shown in the exhibit $123$

$1^n$

EXHIBITS

T Taxpayer Data

Taxpayer Data

Taxpayer Data

Mylan Corp. distributed $$600,000$ to its shareholders on December $31,$ Year $2.$ Information on Mylan's

shareholders is as follows: above. No

capital contributions were made by the shareholders during Year $2.$

For each of the items below, enter the requested amount for each shareholder. Enter all

amounts as positive, whole values. If a response is zero, enter a zero $(0).$