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Brother's Two Corporation is a calendar year taxpayer. Jane owns all of its stock. Her basis for the stock is $$5,000.$ On April $1$ of the current $($non$-$leap$)$ year Brother's Two distributes $$54,000$ to Jane.

Read the requirement.

a$.$ Current earnings and profits $($E $E$ For zero amounts, enter a $0.$ Use

Distribution

Dividend income

Remaining distribution

Return of capital

Capital gain $($loss$)$

Carryforward accumulated E&P

Requirement

Determine the tax consequences of the cash distribution in each of the following independent situations:

a$.$ Current $E$&$P$ of $$20,000$; accumulated $E$&$P$ of $$15,000.$

b$.$ Current $E$&$P$ of $$25,000$; accumulated E&P deficit of $$(26,000).$

c$.$ Current $E$&$P$ deficit of $$(80,000)$; accumulated $E$&$P$ of $$50,000.$

d$.$ Current $E$&$P$ deficit of $$(26,000)$; accumulated $E$&$P$ deficit of $$(15,000).$

nount you input in the cell to the nearest dollar. Complete all input fields