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Problem 2824 (Ngorithmic) (LO. 2,3 ) The AlWwardt Trust is a simple trust that correctly uses the calendar year for tax purposes. Its income beneficianes

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Problem 2824 (Ngorithmic) (LO. 2,3 ) The AlWwardt Trust is a simple trust that correctly uses the calendar year for tax purposes. Its income beneficianes (Lucy and Ethel) are entitled to the trust's annual accounting income in shares of one-half each. For the current tax year, Allwardt reports the following: a. How much incorme is each benchiciary entitled to receive? b. What is the trust's bN17 c. What is the trurk's taxable income? d. How much oross income is reported by each of the beneficianes

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