NEED QUESTION ANSWERED ASAP: Assume that the market crashes in 2020 and the value of the qualified plan drops to $1 million. As a result of the market drop, Mit dies in September of 2020 and Colin inherits the IRA. If the value of the IRA is $1 million at the end of 2020, $1.2 million at the end of 2021, and $1.5 million at the end of 2022, how much, if any, must Colin take out to satisfy the minimum distributions in Years 2020, 2021, and 2022 ( use the life expectancy tables in effect prior to 2021 for all years)?

CASE 2: Mit. who turned age 70 1/2 on June 10th of 2019, owns 32% of Big Company and is its current CEO. He has amassed $15 million in his qualified plan account as of December 31st of Year 1 and $17 million as of December 31st of 2019. He has named his grandson Colin (age 9 at the end of 2019) as his beneficiary. CASE 2: Mit. who turned age 70 1/2 on June 10th of 2019, owns 32% of Big Company and is its current CEO. He has amassed $15 million in his qualified plan account as of December 31st of Year 1 and $17 million as of December 31st of 2019. He has named his grandson Colin (age 9 at the end of 2019) as his beneficiary