The Eagleton Trust generated Distributable Net Income this year of $100,000, one- third of which was portfolio income, and the balance of which was exempt interest. Under the terms of the trust, Clara Eagleton is to receive an annual income distribution of $40,000. At the discretion of the trustee, additional income distributions can be made to Clara, or to Clark Eagleton II. This year, the trustee's distributions to Clara totaled $70,000. Clark received $30,000. How much of the trust's distributable net income is assigned to Clara? a. $100,000, under the "majority of income" rule b. $70,000 c. $50,000 d. $30,000 e. $0 The Eagleton Trust generated Distributable Net Income this year of $100,000, one- third of which was portfolio income, and the balance of which was exempt interest. Under the terms of the trust, Clara Eagleton is to receive an annual income distribution of $40,000. At the discretion of the trustee, additional income distributions can be made to Clara, or to Clark Eagleton IlI. This year, the trustee's distributions to Clara totaled $70,000. Clark received $60,000. How much of the trust's distributable net income is assigned to Clark? a. $100,000, under the "generation-skip" rule b. $60,000 C. $46,154 d. $40,000 e. $0