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Mando Corporation reported taxable income of $500,000 from operations for this year. During the year, the company made a distribution of a slightly damaged starship

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Mando Corporation reported taxable income of $500,000 from operations for this year. During the year, the company made a distribution of a slightly damaged starship to its sole shareholder, Grogu. The starship's fair market value was $30,000 and its tax basis to Mando, Inc. was $0. The starship's E&P basis was $15,000. Mando had accumulated E&P of $1,500,000. a. Compute Mando Inc.'s total taxable income and federal income tax. b. Compute Mando Inc.'s current E&P. c. Compute Mando Inc.'s accumulated E&P at the beginning of next year. d. What amount of dividend income docs Grogu report as a result of the distribution? e. What is Grogu's tax basis in the auto she received from Mando Inc

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