The Allwardt Trust is a simple trust that correctly uses the calendar year for tax purposes. Its income beneficiaries $($Lucy and Ethel$)$ are entitled to the trusts annual accounting income in shares of one$-$half each.For the current tax year, Allwardt reports the following:

Ordinary income$$100,000$

Long$-$term capital gains, allocable to income $$30,000$

Legal and accounting fees, allocable to corpus $$5,000$

a$.$How much income is each beneficiary entitled to receive?

b$.$What is the trusts DNI?

c$.$What is the trusts taxable income?

d$.$How much gross income is reported by each of the beneficiaries?