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Harris Corporation is a calendar year taxpayer. Keily owns all of its stock. Her basis for the stock is $6,000. On April 1 of the

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Harris Corporation is a calendar year taxpayer. Keily owns all of its stock. Her basis for the stock is $6,000. On April 1 of the current (non-leap) year Harris distributes $50,000 to Keily. a. Current earnings and profits (E\&P) of $10,000; accumulated E\&P of $20,000. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar. Complete all input fields. For zero amounts, enter a 0 . Use parentheses or a minus sign for losses and E\&P deficits.) b. Current E\&P of $35,000; accumulated E\&P deficit of $(30,000). (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar. Complete all input fields. For zero amounts, enter a 0 . Use parentheses or a minus sign for losses and E\&P deficits.) Current E\&P deficit of $(76,000); accumulated E\&P of $50,000. (Do not round intermediary alculations. Only round the amount you input in the cell to the nearest dollar. Complete all input elds. For zero amounts, enter a 0 . Use parentheses or a minus sign for losses and E\&P deficits.) Current E\&P deficit of $(12,000); accumulated E\&P deficit of $(15,000). (Do not round ntermediary calculations. Only round the amount you input in the cell to the nearest dollar. complete all input fields. For zero amounts, enter a 0 . Use parentheses or a minus sign for losses nd E\&P deficits.)

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