Telly, age 38, has a $153,800 IRA with Blue Mutual Fund. He has read good things about the management of Green Mutual Fund, so he opens a Green Fund IRA. Telly asked for a distribution rollover and received his balance from the Blue Fund on May 1, 2019. Telly opted to have no withholding on the distribution.

What amount will Telly receive from the Blue Fund IRA?

What amount must Telly contribute to the Green Fund IRA to avoid having taxable income and penalties for early withdrawal?

What amount would Telly receive if the distribution were from his employer's qualified retirement plan?