Spartan Corporation redeemed 25 percent of its shares for $3,000 on July 1 of this year, in a transaction that qualified as an exchange under 302(a). Spartan reported accumulated E&P at the beginning of the year of $3,000 and current E&P at year end was $18,300. Spartan made dividend distributions of $3,300 on June 1 and $6,900 on August 31. Determine the beginning balance in Spartan's accumulated E&P at the beginning of the next year. See Revenue Rule 74-338 and Revenue Rule 74-339 for help in making this calculation. Note: Round your intermediate calculations to the nearest whole dollar amount. Accumulated E&P at the beginning of the next year