The Edgerton Estate generated Distributable Net Income this year of $100,000, onehalf of which was tax-exempt interest, and the balance of which was long-term capital gain. Kyle Edgerton, the sole income beneficiary of the Estate, received a distribution of the entire $150,000 fiduclary income of the entity. How does Kyle account for this distribution? a. $150,000 ordinary income b. $75,000 tong-term capital gain, $75,000 exempt interest c. $100,000 ordinary income d. $66,667 long-term capital gain, $33,333 exempt interest e. $50,000 long-term capltal gain, $50,000 exempt interest The Eagleton Trust generated Distributable Net income this year of $100,000, onethird 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 III. 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, onethird of which was portfolio income, and the balance of which was exempt interest. Under the terms of the tust, 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 III. 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