Phillip had a distribution of $ 1,500 from his education savings account and used $ 1,200 to pay for qualified education expenses. Before the distribution, Phillip's account balance was $ 4,000, of which $ 1,000 was earnings. Calculate the following:

to. Non-taxable capital claim b.Your adjusted basis for your savings account. c. The potentially taxable distribution of earnings d. Income exempt from tax and. Taxable income