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Prob 2. In each of the independent cases below, indicate the taxable portion and return of capital for each distribution. Taxa Accumulated E&P Beginning of

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Prob 2. In each of the independent cases below, indicate the taxable portion and return of capital for each distribution. Taxa Accumulated E&P Beginning of Year a. $60,000 b. 0 c. 40,000 Current E&P $20,000 20,000 -40,000 Year-End Cash ble Distribution Amount $90,000 80,000 15,000 50,000 Return of Capital 10,000

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