Part C:

C, Inc. made a $10,000 distribution on September 1 this year to its sole shareholder, X. X has a basis in her stock of $15,000. Determine the tax consequences to C for the following situation: (8 points)

Distribution	CE&P	AE&P	Dividend	ROC	Capital Gain
10,000	(24,000)	20,000

Xs ending stock basis $

Accumulated E&P, beg of next year $

Part D:

D, Inc. made a $30,000 distribution this year to its sole shareholder, W. W has a basis in her stock of $20,000. Determine the tax consequences to Y for the following situation: (8 points)

Distribution	CE&P	AE&P	Dividend	ROC	Capital Gain
30,000	(20,000)	(6,000)

Ws ending stock basis $

Accumulated E&P, beg of next year $