Ms. Kona owns a 11 percent interest in Carlton LLC. This year, the LLC generated $67,600 ordinary income. Ms. Kona's marginal tax rate is 32 percent, and she does not pay SE tax on her LLC income. Required: a. Compute the tax cost on Ms. Kona's share of Carlton's income assuming that she received a $30,000 cash distribution this year. b. Compute the tax cost on Ms. Kona's share of Carlton's income assuming that she received no cash distribution this year. (For all requirements, round your final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. WRT, a calendar year S corporation, has 100 shares of outstanding stock. At the beginning of the year, Mr. Wallace owned all 100 shares. On September 30 , he gave 20 shares to his brother and 35 shares to his daughter. WRT's ordinary income for the year was $242,000. Required: What portion of this income must each shareholder include in income? (Assume 365 days in a year. Round income per day of ownership to 4 decimal places. Round other intermediate calculations and final answers to the nearest whole dollar amount.)