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 trust's annual accounting income in shares of one-half each.

For the current tax year, Allwardt reports the following.

Ordinary income $465,000

Long-term capital gains, allocable to corpus 139,500

Trustee commission expense, allocable to corpus 23,250

a.Each beneficiary is entitled to receive income of $

b.The trust's DNI is $

c.The trust's taxable income is $

d.Each beneficiary reports gross income of $