Spartan Corporation redeemed 25 percent of its shares for $2,100 on July 1 of this year, in a transaction that qualified as an exchange under IRC 5302(a). Spartan's accumulated E&P at the beginning of the year was $2,100. Its current E&P is $21,200. Spartan made dividend distributions of $1,800 on June 1 and $6,600 on August 31. Determine the beginning balance in Spartan's accumulated E&P at the beginning of the next year. See Rev. Ruls. 74-338 and 74-339 for help in making this calculation. (Round your intermediate calculations to the nearest whole dollar amount.) Accumulated EXP at the beginning of the next year