a) How much of the $3,400,000 distribution is treated as a dividend? b) What is the tax basis in Banana Company stock after the distribution (assume a single shareholder owns all stock)? c) What is Banana Company's accumulated E&P on the first day of next year? d) How much of the $3,400,000 distribution is treated as capital gain? Cranberry Corporation reported a $25,000,000 net operating loss in 2017. It reported a net operating of $18,000,000 in 2018. In 2019, The Cranberry Corporation reported a net income of $30,000,000. How much of the net operating losses incurred in 2017 can be utilized to offset taxable income in 2019? How much of the net operating losses incurred in 2018 can be utilized to offset taxable income in 2019? How much of the net operating losses incurred in 2018 can be carried forward to 2020? Side Corporation has gross revenue of $52,000,000 for 2021. Their taxable income before interest was $11,000,000. Taxable income included depreciation expense of $18,000,000, interest of $10,000,000 and interest expense of $22,000,000. in Suppy Sido Corporation's adjusted taxable income