content area top Part 1 Pastel Corporation is a calendar year taxpayer. Sam owns one-third (100 shares) of Pastel stock. His basis in the stock is $ 35 comma 000. Donna owns two-thirds (200 shares) of Pastel stock. Her basis in the stock is $ 60 comma 000. On June 10 of the current year, Pastel distributes $ 30 comma 000 to Sam and $ 50 comma 000 to Donna. Read the requirements.LOADING... Question content area bottom Part 1 Requirement a. Determine the tax consequences of the cash distributions to Sam and Donna if current earnings and profits (E