Show me the steps to solve The Allwardt Trust is a simple trust that correctly uses the calendar year for tax purposes. Its income beneficiaries $($Lucy and Ethel$)$ are entitled to the trust's annual accounting income in shares of one$-$half each.

For the current tax year, Allwardt reports the following.

Ordinary income $$300,000$

Long$-$term capital gains, allocable to corpus $90,000$

Legal and accounting fees, allocable to corpus $15,000$

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a$.$ How much income is each beneficiary entitled to receive?

$fill in the blank c$68276$f$78$fcafb$6\_1$

$150,000$

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b$.$ What is the trust's DNI?

$fill in the blank $66$f$0$fd$0$bf$056$fe$9\_1$

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c$.$ What is the trust's taxable income?

$fill in the blank $9993510$d$7$fecf$85\_1$

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d$.$ How much gross income is reported by each of the beneficiaries?

$fill in the blank b$4$aa$16029030$fa$8\_1$