The Biltmore Trust is a simple trust. Crawford is its sole beneficiary. In thecurrent 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.

a. Compute trust accounting income, where the trust agreement allocates fees andcapital gains to corpus.b. Same as (a), except that fees are allocated to income.