Under a trust created by the will of the late Reginal, the trust income is to be distributed as follows: one-quarter to his widow; to a son, aged 26, the amount the trustee considers necessary to meet his educational needs; and the remainder of the income to a son, aged 20, currently serving a three-year sentence for culpable driving. The net income of the trust estate for the current tax year amounts to $42,000, of which $4,000 has been applied for the education of the son, aged 26. Required: Prepare a trust distribution statement showing how the income of the trust estate for the current tax year would be assessed. Discuss your answer by referring to relevant income tax legislation.