Scenario c.: Monachino Corporation's accumulated E&P balance at January 1 of the current year is $190,000. During the year, Monachino, a glass container manufacturer, reports $85,000 of current E&P, all of which is retained to meet the reasonable needs of the business. Monachino pays no dividends. (Complete all input fields. For amounts with a zero balance, enter a 0.) Tax items 1. Accumulated E&P 2. Lifetime minimum credit 2a. Current year minimum credit 3. Current year E&P 3a. Retained for business needs 3b. E&P greater than business needs 4. Accumulated earnings credit Scenario c. Calculate the accumulated earnings credit for Scenario b. Scenario b.: How would your answer to Part a change if Donaldson were a service company that provides accounting services? (Complete all input fields. For amounts with a zero balance, enter a 0.) Tax items 1. Accumulated E&P 2. Lifetime minimum credit 2a. Current year minimum credit 3. Current year E&P 3a. Retained for business needs 3b. E&P greater than business needs 4. Accumulated earnings credit Scenario b. Scenario a.: Donaldson Corporation, a manufacturer of plastic toys, started business last year and reported E&P of $75,000. In the current year, the corporation reports E&P of $170,000 and pays no dividends. Of the $170,000 current E&P, the corporation retains $135,000 to meet its business needs. (Complete all input fields. For amounts with a zero balance, enter a 0.) Tax items 1. Accumulated E&P 2. Lifetime minimum credit 2a. Current year minimum credit 3. Current year E&P 3a. Retained for business needs 3b. E&P greater than business needs 4. Accumulated earnings credit Scenario a. Scenarios a. Donaldson Corporation, a manufacturer of plastic toys, started business last year and reported E&P of $75,000. In the current year, the corporation reports E&P of $170,000 and pays no dividends. Of the $170,000 current E&P, the corporation retains $135,000 to meet its business needs. b. How would your answer to Part a change if Donaldson were a service company that provides accounting services? c. Monachino Corporation's accumulated E&P balance at January 1 of the current year is $190,000. During the year, Monachino, a glass container manufacturer, reports $85,000 of current E&P, all of which is retained to meet the reasonable needs of the business. Monachino pays no dividends