Problem 19-38 (LO. 1, 3) Complete the following schedule for each case. Assume that the shareholders have a sufficient basis in the stock investment. All distributions are made at year end (December 31) except for part (e). For part (e) assume the $130,000 distribution is made on June 30. If amount is zero, enter "O". Accumulated E &P Beginning of Year Cash Dividend Return of Current E &P $70,000 (120,000) 70,000 (60,000) ($60,000) Income Capital a. ($200,000) 150,000 90,000 20,000 $120,000 Distributions $130,000 210,000 150,000 130,000 b. c. d. 130,000* e. The distribution of $130,000 is made on June 30 and the corporation uses the calendar year for tax purposes