The Petermann Trust incurs the following items:

Taxable interest income $100,000

Taxable dividend income 80,000

Long-term capital gains (allocable to income) 20,000

Fiduciarys fees (allocable to corpus) 10,000

The sole income beneficiary of the trust is guaranteed an annual $175,000 payment from the trustee. In addition, the trustee can distribute, at his discretion, any additional amounts of corpus and accumulated income as the beneficiary, Elsie, requires. No such additional payments were made during the year. Both the trust and Elsie are calendar year, cash basis taxpayers. Complete the following computations for this trust.