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Prob 1 In each of the following independent situations, Indicate taxable distribution and return of capital Accumulated E&P Current Year End Taxable Return of E&P

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Prob 1 In each of the following independent situations, Indicate taxable distribution and return of capital Accumulated E&P Current Year End Taxable Return of E&P Distribution Amount Capital a b $50,000 $0 $30,000 $50,000 -$30,000 $20,000 $65,000 $30,000 $60,000 $10,000 $30,000 -$20,000 $60,000 $60,000 $60,000 $65,000 $0 $30,000 $30,000 $30,000 $0 $30,000 $30,000 $60,000 $0 d e

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