Spartan Corporation uses a calendar year and redeemed 25 percent of its shares for $3,300 on July 1 of this year, in a transaction that qualified as an exchange under $302(a). Spartan's accumulated E&P at the beginning of the year was $3,300. Its current E&P is $13,000. Spartan made dividend distributions of $2,700 on June 1 and $5,700 on August 31. Determine the beginning balance in Spartan's accumulated E&P at the beginning of the next year. See Rev. Rul. 74-338, 1974-2 C.B. 101 and Rev. Rul. 74-339, 1974-2 C.B. 103 for help in making this calculation. (Round your intermediate calculations to the nearest whole dollar amount.) Beginning balance in accumulated E & P