Spartan Corporation redeemed $25$ percent of its shares for $$2,000$ on July $1$ of this year, in a transaction that qualified as an exchange under IRC $302($a$).$ Spartan$$s accumulated E&P at the beginning of the year was $$2,000.$ Its current E&P is $$12,000.$ Spartan made dividend distributions of $$1,000$ on June $1$ and $$4,000$ on August $31.$ Determine the beginning balance in Spartan$$s accumulated E&P at the beginning of the next year. See Revenue Rules $74-338$ and $74-339$ for help in making this calculation.