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please solve it as soon as possible Burkhalter Corporation has a positive balance in Current E&P of $124.000 and a positive balance in Accumulated E
please solve it as soon as possible
Burkhalter Corporation has a positive balance in Current E&P of $124.000 and a positive balance in Accumulated E & P of $159,000. During the year, the corporation made the following cash distributions to its sole shareholder. Albert: March 31: $128.000 September 30: $164.000 December 31: $108,000 Albert has a stock basis of $64,009 Required: Usinf the attached spreadsheet calculate the tax effect of the distributions, SHOW ALL CALCULATIONSHI! When calculating the percentages. ROUND TO TWO DECIMAL PLACES, Example: 1065 is rounded up to 11 or 11% D You don't have to do a Form 1099 Step by Step Solution
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