Determination of Accounting Income and Distribution. The Trotter Trust has the receipts and expenditures listed below for the current year. Assume the Uniform Act governs an items classification as principal or income. The trustees fee is charged one-half to principal and one-half to income. What is the trusts net accounting income and the maximum amount it can distribute? Assume the trust instrument precludes distributing principal currently. Dividends $15,000 Interest on tax-exempt bonds 7,000 Loss on sale of capital asset (9,000) Rental income from land 6,000 Property taxes on rental property 1,000 Trustees fee 1,800