IV.(12 Points)Complete the following schedule for each case. Assume the shareholders have a basis in this investment of $40,000.

AccumulatedCash DistributionReturnCapital

E&PCurrent(All on LastDividend of

Beginning of yearE&P Day of Year)IncomeCapitalGains

A.($150,000)$70,000$140,000__________________

B.130,00050,000190,000__________________

C.120,000(40,000)130,000__________________

D. Same as (C) except

distribution of

$130,000 is

made on June 1and

the corporation uses

the calendar for

Tax purposes.___________________