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Exerctse 19-24 (Aleorlthmic) (LO.3) On January I of the current yoar, Rhondel Corperetion hes accumutated E B. P of 5150,000 . Current E a P

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Exerctse 19-24 (Aleorlthmic) (LO.3) On January I of the current yoar, Rhondel Corperetion hes accumutated E B. P of 5150,000 . Current E a P for the year is $450,000, corned Evenly throughout the year, Eizabeth and Jonathan are sole oqual sharcholders of Rhondeli from January 1 to Aprit J0. On May 1 , Elizabeth selis ail or her stock to Marshali. Rhondeli mokes two distribubons to shareholders during the year: a total of 5240,000 (\$120, 900 to Eitabeth and $120,000 to Jonathan) on April 30 and a total of $420,000 (\$210,000 to Jonathan and $210,000 Marshall) on Decernber 31 . Determine the allocatich of the distrbutions by completing the toble below: Assume that the shareholders have sufficient basis in their stock for any amount that is treated as return of copital. If an amount is zero, enter "o". If required, round any divlaton to two decimal places and uso in subsequent cemputations. Round final ankwers to the nearest deltar

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