IV. (12 Points) Complete the following schedule for each case. Assume the shareholders bave a basis in this investment of $40,000 Capital Accumulated E&P Beginning of year Current E&P Cash Distribution (All on Last Day of Year) Dividend Income Return of Capital Gains A. ($150,000) $70,000 $140.000 B 130,000 50,000 190,000 C. 120,000 (40,000) 130,000 D. Same as (C) except distribution of S130,000 is made on June land the corporation uses the calendar for Tax purposes IV. (12 Points) Complete the following schedule for each case. Assume the shareholders bave a basis in this investment of $40,000 Capital Accumulated E&P Beginning of year Current E&P Cash Distribution (All on Last Day of Year) Dividend Income Return of Capital Gains A. ($150,000) $70,000 $140.000 B 130,000 50,000 190,000 C. 120,000 (40,000) 130,000 D. Same as (C) except distribution of S130,000 is made on June land the corporation uses the calendar for Tax purposes