Required information Problem 13-52 (LO 13-2) (The following information applies to the questions displayed below.) Tim has worked for one employer his entire career. While he was working, he participated in the employer's defined contribution plan (traditional 401(k)). At the end of 2019, Tim retires. The balance in his defined contribution plan is $2,000,000 at the end of 2018. (Use Exhibit 13-3.) (Leave no answer blank. Enter zero if applicable.) Problem 13-52 Part a a. What is Tim's minimum required distribution for 2019 in 2020 if he is 68 years old at the end of 2019? Minimum required distribution EXHIBIT 13-3 Abbreviated Uniform Lifetime Table Age of Participant 70 71 72 Applicable Percentage* 3.65% 3.77 3.91 Distribution Period 27.4 26.5 | 25.6 24.7 23.8 22.9 22.0 21.2 4.05 4.20 4.37 74 75 76 77 4.54 4.72 *The applicable percentage is calculated by dividing 1 by the relevant distribution pe Source: See Reg. $1.401(a)(9)-9