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Required information [The following information applies to the questions displayed below.) Lone Star Company is a calendar-year corporation, and this year Lone Star reported $101,000

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Required information [The following information applies to the questions displayed below.) Lone Star Company is a calendar-year corporation, and this year Lone Star reported $101,000 in current E&P that accrued evenly throughout the year. At the beginning of the year , Lone Star's accumulated E&P was $12,120. At the beginning of the year, Lone Star's sole shareholder was Matt McCon. Lone Star declared $30,300 in cash distributions on each of the following dates: March 31, June 30, September 30, and December 31. (Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.) a. How much of the $121,200 in total distributions will be treated as dividends? Answer is complete but not entirely correct. Dividends S 12.120

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