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Exercise 13-2 (Algorithmic) (LO, 3) On January 1 of the current year, Rhondell Corporation holds accumulated E 8 . P of $186,000. Current E a
Exercise 13-2 (Algorithmic) (LO, 3) On January 1 of the current year, Rhondell Corporation holds accumulated E 8 . P of $186,000. Current E a P for the year is 5558,000 , earnod evenly throughout the year. Elizabeth and Jonathan are the sole equal shareholders of Rhondeli from January 1 to Apni 30 , On Man 1. Elizabeth sells all of her stock to Marshall. Rhondell makes two distributions to shareholders during the year, as indicated below. Analyze the distributions by cornpleting the tabie that follows. Assume that the shareholders have sufficient basis in their stock for any amount that is treated as return of capitat. If an amount is zero, enter " 0 ". If required, round any division to two decimal places and use in subsequent computations. Round final answers to the nearest dollar. Exercise 13-2 (Algorithmic) (LO, 3) On January 1 of the current year, Rhondell Corporation holds accumulated E 8 . P of $186,000. Current E a P for the year is 5558,000 , earnod evenly throughout the year. Elizabeth and Jonathan are the sole equal shareholders of Rhondeli from January 1 to Apni 30 , On Man 1. Elizabeth sells all of her stock to Marshall. Rhondell makes two distributions to shareholders during the year, as indicated below. Analyze the distributions by cornpleting the tabie that follows. Assume that the shareholders have sufficient basis in their stock for any amount that is treated as return of capitat. If an amount is zero, enter " 0 ". If required, round any division to two decimal places and use in subsequent computations. Round final answers to the nearest dollar
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