Werling Corporation has current Earnings & Profits $("$EP$")$ of $$25,000$ and accumulated EP of

$$10,000.$ Werling Corporation makes the following distributions to its shareholders during the year:

$($a$)$ Please allocate Werling Corporation's current EP between Mike and Andrea. How much

current EP do they each receive?

Mike:

Andrea:

$($b$)$ Please allocate Werling Corporation's accumulated EP between Mike and Andrea. How much

accumulated EP do they each receive?

Mike:

Andrea:

$($c$)$ How much of Mike's distribution will get dividend treatment?