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The Cello Trust, a simple trust, receives the following items. a) Compute Cello's accounting income. b) Compute Cello's taxable income before the distribution deduction. c)

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The Cello Trust, a simple trust, receives the following items. a) Compute Cello's accounting income. b) Compute Cello's taxable income before the distribution deduction. c) Calculate Cello's distributable net income and the distribution deduction. d) Complete the computation of Cello's taxable income

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