Problem $7$

Determine the amount of $(1)$ taxable dividend, $(2)$ nontaxable distribution, and $(3)$ capital gain,

for the distributions made in each of the following cases:

a$.$ Corporate E&P of $$20,000,$ shareholder stock basis of $$24,000,$ distribution of

$$12,000.$

b$.$ Corporate E&P of $$15,000,$ shareholder stock basis of $$14,000,$ distribution of

$$13,000.$

c$.$ Corporate E&P of $$32,000,$ shareholder stock basis of $$10,000,$ distribution of

$$34,000.$

d$.$ Corporate E&P of $$28,000,$ shareholder stock basis of $$22,000,$ distribution of

$$52,000.$