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HaleyCo. made 2 distributions to shareholders this year: Mar. 1 5 : $ 1 2 0 , 0 0 0 and Sep. 1 5 ,

HaleyCo. made

2

distributions to shareholders this year: Mar.

15

: $

120, 000

and Sep.

15,

80, 000 .

Haley had current E&P of $

50, 000

and accumulated E&P of $

100, 000 .

How will this E&P be allocated to the Mar.

15

distribution?

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