Larry created an irrevocable trust in 2002 for the benefit of his sisters, Linda and Lucy. The trustee must pay out all income annually and may, at his discretion, also distribute corpus. During the current year, the following events occurred with respect to the trust: Dividends received $13,200 Tax-exempt Interest received 11,200 Long-term capital gain (allocate to corpus) 20,000 Trustees fee (allocate to corpus) 2,000 The trustee made distributions of $8,400 to Linda and $16,000 to Lucy. The trust and both beneficiaries are cash basis, calendar year taxpayers. d. What is the allowed distribution deduction