Terrance is age $72$ and retired. Beginning in $2022,$ he must start taking minimum distributions from his IRA account that had a balance of $$150,000$ as of December $31,2021.$ Make these three assumptions: hIs IRA will earn $8\%$ per year based on the annual beginning balance, he will withdraw the minimum distribution on the last day of each calendar year, and only one distribution will be taken in $2022$

Required:

Calculate the amount of his distribution for years $2022$ through $2026$ and the ending balance in his IRA account on December $31,2026.$ Use Table I, Table III, and Table V$.$

Note: Round "Applicable Llfe Expectancy" answers to $1$ decimal place and other answers to nearest whole dollar value. Use these answers in subsequent computations.

$\backslash$table$[[$Year$,\backslash$table$[[$IRA Balance At$],[$End of Prior$],[$Year$]],\backslash$table$[[(2)],[$Applicable Life$],[$Expectancy$]],\backslash$table$[[(3)],[$Required$],[$Distribution$]],\backslash$table$[[(4)],[$IRA Earnings$]],\backslash$table$[[(5)],[$Ending$],[$Balance$]]],[2022,,,,,],[2023,,,,,],[2024,,,,,],[2025,,,,,],[2026,,,,,]]$