The Biltmore Trust is a simple trust. Crawford is its sole beneficiary. In the current year, the trust earns $3,200 in taxable interest and $8,000 in tax-exempt interest. In addition, the trust recognizes a $2,500 long-term capital gain. The trustee assesses a fee of $1,800 for the year.

If the trust agreement allocates fees and capital gains to corpus, trust accounting income is $. However, if the trust agreement allocates the fiduciary's fees to income, the trust accounting income is $.