The PQ trust is a complex trust with two beneficiaries, Karl and Mary. During the current tax year, the trust had distributable net income (DNI) of $50,000, $10,000 of which was nontaxable. The trustee made distributions during the year of $15,000 cash to Karl and $20,000 cash to Mary. Which of the following is a true statement? Group of answer choices Karl should report taxable income of $10,000, and Mary should report $15,000. Karl should report taxable income of $12,000, and Mary should report $16,000. Karl should report taxable income of $15,000, and Mary should report $20,000. The trust will be taxed on all of the income