On January 1, 2021, Kinney, Inc., an S corporation, reports $14,400 of accumulated E \& P and a balance of $36,000 in AAA. Kinney has two is $18,000. Kinney distributes $21,600 to each shareholder on July 1 , and it distributes another $10,800 to each shareholder on the shareholders taxed on the distributions? Ignore the 20% QBI deduction. Do not round intermediate computations. If required, round your final answers to the nearest dollar. Erin and Frank each report \$ X dividend income for the July 1 distribution and $ each for the December 21 distribution. Assuming that the shareholders have sufficient basis in their stock, Erin and Frank each receive $ distribution from AAA