At the end of the taxable year b Corp has current e and p of 50000 without reduction for any distribution made during the year. The corporation also has accumulated e and p of 45000. A distribution of 40000 is made on may 1 and another of 60000 is made on dec 1. B corporation files on the accrual basis Jains a calendar year. The distribution are made to the sole shareholder. What is the amount of current e and p allocated to the may 1 distribution of 40000

0

20000

33333

40000