White Corporation is a calendar-year taxpayer. Wilhelmina owns all of its stock. Her basis for the stock is 25,000. On March 1 of the current year (not a leap year), White Corporation distributes $60,000 to Wilhelmina. Determine the tax consequences of the cash distribution to Wilhelmina in each of the following independent situations: a) Current E&P $15,000, accumulated E&P $50,000 b) Current E&P $25,000, accumulated E&P $(25,000) c) Current E&P ($36,500), accumulated E&P $65,000. d) Current E&P ($10,000), accumulated E&P $(25,000). provide feedback to 1 or more peer's post. Answer the question and Page Ref.: C:4-9 and C:4-10 Objective: 3