The Franklin Trust held two assets, a small residential rental apartment building and a portfolio of municipal bonds $($i$.$e$.,$ tax$-$exempt$).$ In the current year, the Trust realized income as follows:

$$100,000$ Rents and $$25,000$ interest income from the municipal bonds. Expenses allocable directly to the rents $($e$.$g$.,$ utilities, mortgage interest$)$ were $$50,000.$ The trustee received a payment of $$10,000$ in consideration for the administration of the trust, which fee is charged half against income and half against corpus. Depreciation on the apartment building was $$24,000$the trust uses tax depreciation for trust accounting purposes. The trust documents provide for a reserve for

depreciation; therefore, depreciation is charged against income. The trust documents leave all distributions to the discretion of the trustee. In the current year, the trustee distributed $40\%$ of net fiduciary accounting income. Answer each of the following questions.

a$.$ How much did the trustee distribute in the current year?

b$.$ Assuming the maximum allowable deduction was desired, what was the fiduciary$$s deduction for fiduciary fees on its Form $1041?$

c$.$ What was the fiduciary$$s deduction for depreciation on its Form $1041?$

d$.$ What was the amount of the exemption that the fiduciary was allowed on its Form $1041?$

e$.$ What was the amount of the income distribution deduction that was allowed on Form $1041?$

f$.$ What items of income $($and expense, if applicable$)$ would be reflected on the beneficiaries$$ schedule K$-1?$