At the beginning of the current (non-leap) year, Hans owns all of Tackle and Bait Corporation's outstanding stock. His basis in the stock is $82,000. On July 1, he sells all his stock to John for $125,000. During the year, Tackle and Bait, a calendar year taxpayer, makes two cash distributions: $50,000 on March 1 to Hans and $90,000 on September 1 to John.

Consider the following independent situations: . Begin by completing the table for the distributions. (Complete all answer boxes. For zero amounts, make sure to enter "0" in the appropriate cell. Use a 365-day year for computations. Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.)

Distribution Current Accumulated Dividend Return Situation Individual Date amount E and P E and P income of capital a. Hans Mar 1 John Sep 1 Total

More Info a. Current E&P of $36,000; accumulated E&P of $36,000. b. Current E&P of $98,000; accumulated E&P (deficit) of $(45,000). c. Current E&P (deficit) of $(48,000); accumulated E&P of $128,000.