Determine the amount of income each beneficiary should report with respect to the distributions for each year

A complex trust is required to distribute $21,500 and $32,000 annually to its beneficiaries, Bill and Gail, respectively. In addition, it can distribute other amounts at its discretion. In Year 1, it had DNI of $62,500 and distributed $21,500 to Bill and $42,000 Gail. All of its income is from dividends. In Year 2, it had DNI of $61,500 and distributed $23,500 to Bill and $35,000 to Gail. Again, all of its income is from dividends. Requirement Determine the amount of income each beneficiary should report with respect to the distributions for each year. ... Complete the table to determine the amount of income each beneficiary should report with respect to the distributions for Year 1. (Complete all input fields. Enter a "0" for amounts with a zero balance.) Year 1 Bill Gail Mandatory distribution 21500 32000 0 10000 Discretionary distribution 21500 Total income for Year 1 42000 Now complete the table to determine the amount of income each beneficiary should report with respect to the distributions for Year 2. (Complete all input fields. Enter a "0" for amounts with a zero balance.) Year 2 Bill Gail Mandatory distribution Discretionary distribution Total income for Year 2