QUESTION 5 Rochelle, the sole shareholder of Shaugnessa Corporation, had a basis of $20,000 in her stock in Shaugnessa Corporation which she sold to Dionne on July 31, 2020 for 5120.000. Shaugnessa Corporation had Accumulated Earnings And Profits (E & P) of $50.000 on January 1, 2020 and Current Earnings And Profits (ESP) for the year of 2020 of $40,000. During the year of 2020, Shaugnessa Corporation made the following distributions: $80,000 Cash to Rochelle on July 1, 200 and $80,000 Cash to Dionne on December 31, 2020. Dionne will have Taxable Dividend Income for the year of 2020 of: $20,000 $10,000 $40,000 $ 0- QUESTION 6 Cindy had a basis of $60,000jn her stock in Calderon Corporation which she sold to Marina on July 31, 2020 for $140,000. Cinay acquired the Stock in 2010. Calderon Corporation had Accumulated Earnings And Profits (AE&P) of $100,000 on January 1, 2020 and Current Earings And Profits (CESP) for 2020 of $50,000. During the year of 2020, Calderon Corporation made the following distributions: $150,000 Cash to Cindy on Juy 1, 2020 and $150,000 Cash to Marina on December 31, 2020. The Recognized Gain (Capital Gain) to Cindy on the sale of the Stook to Marina is: $150,000 $105,000 $125,000 $140,000