On $1/1$ Year $6,$ it has accumulated E&P of $$100,000,$ and on $12/31$ it has current E&P of $$50,000.$ It distributes a $$20,000$ cash dividend at end of year to Jack and Jill for a total of $$40,000.$ Jack and Jill each have a basis of $$10,000$ in their UTH stock.

How much of the dividend distribution is taxable to Jack and to Jill, and what if any other consequences result?

What is UTH$$s current and accumulated E&P after the dividend distributions?

What is accumulated E&P on $1/1,$ Year $7?$