On January 1, 2019, Marco Corporation acquired all of the outstanding stock of Polo Corporation in a Type A statutory merger and the two corporations were combined into a single entity. Immediately before the merger, Marco had positive accumulated earnings and profits in the amount of $130,000 and Polo had an accumulated earnings and profits deficit of $60,000.

1. During the year ended December 31, 2019, the combined entity had current earnings and profits in the amount of $45,000 and it made no distributions. Compute the corporations earnings and profits balance(s) as of December 31, 2019.
2. During the year ended December 31, 2020, the corporation had current earnings and profits of $70,000 and it distributed $100,000 in cash to its shareholders. Compute the corporations earnings and profits balance(s) as of December 31, 2020.
3. During the year ended December 31, 2021, the combined entity had current earnings and profits in the amount of $20,000 and it made no distributions. Compute the corporations earnings and profits balance(s) as of December 31, 2021.