Carson Corporation is a calendar year taxpayer. Jane owns all of its stock. Her basis for the stock is $8,000. On April 1 of the current (non-leap) year Carson distributes $54,000 to Jane. Requirement Determine the tax consequences of the cash distribution in each of the following independent situations:

a. Current E&P of $ 10 comma 000$10,000; accumulated E&P of $ 28 comma 000$28,000.

b. Current E&P of $ 38 comma 000$38,000; accumulated E&P of $( 16 comma 000 )$(16,000).

c. Current E&P of $( 73 comma 000 )$(73,000); accumulated E&P of $ 50 comma 000$50,000.

d. Current E&P of $( 30 comma 000 )$(30,000); accumulated E&P of $( 15 comma 000 )$(15,000).

(Round to the nearest whole dollar. For zero amounts, make sure to enter "0" in the appropriate cell. Use parentheses or a minus sign for losses and E&P deficits.)