Two Hearts Corporation is a calendar year taxpayer. Polly owns all of its stock. Her basis for the stock is $6,000. On April 1 of the current (non-leap) year Two Hearts distributes $54,000 to Polly Read the requirement . a. b. c. Distribution $ 54,000 54,000 $ (42,000) $ 54,000 $ (33,000) $ Dividend income $ (33,233) - X Requirement $ 21,000 $ 20,767 Remaining distribution Return of Capital 12,000 $ (6,000) $ $ (6,000) $ (6,000) $ 6.000 $ 15.000 $ 14.767 Capital gain (loss) Carryforward Accumulated E&P $ 0 $ (22,000) Determine the tax consequences of the cash distribution in each of the following independent situations: a. Current E&P of $24,000; accumulated E&P of $18,000 b. Current E&P of $33,000; accumulated E&P deficit of $(22,000). c. Current E&P deficit of $(68,000), accumulated E&P of $50,000. d. Current E&P deficit of $(30,000); accumulated E&P deficit of $(15,000). (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar. Complete all input fields. For zero amounts, make sure to enter "0" in the appropriate cell. Use parentheses or a minus sign for losses and E&P deficits.)