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On January 1 of the current year, Rhondell Corporation has accumulated E&P of $136,000. Current E&P for the year is $408,000, earned evenly throughout the

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On January 1 of the current year, Rhondell Corporation has accumulated E&P of $136,000. Current E&P for the year is $408,000, earned evenly throughout the year. Elizabeth and Jonathan are sole equal shareholders of Rhondell from January 1 to April 30, On May 1 , Elizabeth sells ail of her stock to Marshall. Rhondell makes two distributions to shareholders during the year: a total of $217,600($108,800 to Elizabeth and $108,800 to Jonathan) on Aprii 30 and a total of $380,800($190,400 to Jonathan and $190,400 Marshail) on December 31 . Determine the allocation of the distributions by completing the table below. Assume that the shareholders have sulficient basis in their stock for any amount that is treated as return of capital. If an amount is zero, enter "0". If required, round any division to two decimal places and use in subsequent computations. Round final answers to the nearest dollar. Fredo art F Check My Work: heve these two dpepuntc arar, alkeated to each distribution made daring the yaar

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