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can i get help with this please? This year, Sooner Company reports a deficit in current E&P of ($376,000), Its accumulated E&P at the beginning

can i get help with this please?
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This year, Sooner Company reports a deficit in current E\&P of ($376,000), Its accumulated E\&P at the beginning of the year was $226,000. Sooner distributed $452,000 to its sole shareholder, Boomer, on June 30 of this year, Boomer's tax basis in the Sooner stock before the distribution is $113,000. Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign. Problem 18-38 Part a (Algo) a. How much of the $452,000 distribution is treated as a dividend to Boomer? This year, Sooner Company reports a deficit in current E\&P of ($376,000). Its accumulated E\&P at the beginning of the year was $226,000. Sooner distributed $452,000 to its sole shareholder, Boomer, on June 30 of this year. Boomer's tax basis in the Sooner stock before the distribution is $113,000. Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign. Problem 18-38 Part c (Algo) c. What is Sooner's balance in accumulated E\&P on the first day of next year? Boilermaker Incorporated reported taxable income of $745,000 this year and paid federal income taxes of $156,450. Not included in the company's computation of taxable income is tax-exempt income of $26,750, disallowed meals and entertainment expenses of $49,000, and disallowed expenses related to the tax-exempt income of $1,500. Boilermaker deducted depreciation of $149.000 on ins tax return. Under the alternative (E\&P) depreciation method, the deduction would have been $62,750. Compute the company's current E\&P. Note: Negative amount should be indicated with a minus sign. \begin{tabular}{|l|l|} \hline Taxable income \\ \hline Tax-exempt income \\ \hline & \\ \hline & \\ \hline Current E\&P & $ \\ \hline \end{tabular}

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