Homework 4 0 Saved 3 Spartan Corporation redeemed 25 percent of its shares for $1.800 on July 1 of this year, in a transaction that qualified as an exchange under IRC 9302a). Spartan's accumulated E&P at the beginning of the year was $1.800. Its current E&P is $16,300. Spartan made dividend distributions of $2,700 on June 1 and $6,000 on August 31. Determine the beginning balance in Spartan's accumulated E&P at the beginning of the next year. See Revenue Rules 74-338 and 74-339 for help in making this calculation (Round your intermediate calculations to the nearest whole dollar amount.) 5 points Accumulated E&P at the beginning of the next year eBook 14 References