Check my won Required information [The following information applies to the questions displayed below.) Part 1 of 4 10 points Beaver 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, Eugenia Van Dam. The land's fair market value was $20,000 and its tax and E&P basis to Beaver was $50,000. Eugenia assumed a mortgage on the land of $25,000. Beaver Corporation had accumulated E&P of $1,500,000. (Leave no answer blank. Enter zero if applicable.) eBook a. Compute Beaver's taxable income and federal income tax. Hint Print References Total taxable income Federal income tax b. Compute Beaver's current E&P. Current E&P c. Compute Beaver'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 Eugenia report as a result of the distribution? Dividend income reported