I would greatly appreciate if I may get some help with these questions and also show how to work out the problems.

Week 3 Chapter 16, 19 Problems - Assessment Activity - Weeks - ACE/455 - eCampus . 1mm Iu'uwllmrq'wn'vuara'lrrl \"a wvwlmr'momx urn'n 1. m \"Imllvunwl'r. _:| References eBook & Resources Problem Difculty: 2 Medium Check my work 6 value: ' 1.00 points c. What is Sooner's balance in accumulated E&P on the rst day of next year\"! References eBook & Resources Problem Difculty: 2 Medium Check my work ezto.mheducation.oom C if] ET] Week 3 Chapter 15 Individual Problems + Learning Objective: 18-02 Compute a corporation's earnings and prots and a shareholder's dividend income. Required Information Learning Objective: 18-02 Compute a corporation's earnings and prots and a shareholder's dividend income. This year, Sooner Company reports current E&P of negative $322,000. Its accumulated E&P at the beginning of the year was $260,000. Sooner distributed $520,000 to its sole shareholder. Boomer Wells, on June 30 ofthis year. Boomer's tax basis in his Sooner stock is $115,500. (Leave no answer blank. Enter zero if applicable. Negative amounts should be indicated by a minus sign.) value: . Required Information 1.00 pornts a. How much of the $520,000 distribution is treated as a dividend to Boomer? References eBook 8. Resources Problem Difculty: 2 Medium Learning Objective: 18-02 Compute a corporation's earnings and prots and a shareholder's dividend income. Check my work value: Required information 1.00 points b. What is Boomer's tax basis in his Sooner stock alter the distribution? :|