ABC Corporation, a calendar year taxpayer, gave you the following information, and the CFO has asked you to help determine the taxable amount of the company's dividend distributions to the shareholders. Current Eamings and Profits (E&P) Cumulative E&P at the beginning of 2022 Amounts 2.000 25,000 1. 2. 3. Assume ABC Corp. makes a cash dividend distribution in the amount of $10,000, how much of this dividend will be taxable to ABC's shareholders and how much of it will be a nontaxable distribution? Explain your answer. Assume ABC Corp. makes a cash dividend distribution in the amount of $30,000, how much of this dividend will be taxable to ABC's shareholders and how much of it will be a nontaxable distribution? Explain your answer. Assume ABC Corp. decides that it needs to retain its cash for operations. Instead of a cash dividend, ABC declares a 10% stock dividend. How much of the stock dividend would be taxable to the shareholders. Explain your answer. 4 Assume ABC declares a 10% stock dividend distribution, but also gives the option for the shareholder to choose a cash dividend of $1,500, instead of the stock dividend. How much of the stock dividend will be taxable to the shareholders? Explain your answer.