The Estate of the Late Cecilia Szobranci derived net income of $200,000 during the 2018/2019 tax year. The will provided that trust income was to be distributed as follows:

Joel (her husband) 50% of any income

Marika (her 20 year-old daughter) 15% of any income

Malcom (her 19 year old son) who is currently imprisoned) 15% of any income

Rod (her 16 year-old-son) 15% of any income

The balance is to be distributed at the discretion of the trustee.

Required: Prepare a schedule (covering all beneficiaries) nominating:

Name of the Beneficiary;

Whether or not the beneficiary is Presently Entitled;

Whether or not the beneficiary is under a Legal Disability;

Which sections of the Act apply to make the income assessable;

Who is Assessed on each amount; and;

The amount distributed to the beneficiary;