Check my wc Required information [The following information applies to the questions displayed below.] Part 1 of 5 10 points Tiger Corporation reported taxable income of $500,000 from operations this year. During the year, the company made a distribution of land to its sole shareholder, Mike Fairway. The land's fair market value was $75,000 and its tax and E&P basis to Tiger was $125,000. Mike assumed a mortgage attached to the land of $15,000. The company had accumulated E&P of $750,000 at the beginning of the year. eBook a. Compute Tiger's total taxable income and federal income tax. Print References Total taxable income Federal income tax b. Compute Tiger's current E&P. Current E&P C. Compute Tiger's accumulated E&P at the beginning of next year. Accumulated E&P at the beginning of next year d. What amount of dividend income does Mike report as a result of the distribution? Dividend income e. What is Mike's tax basis in the land he received from Tiger? Tax basis