xercise 1922 (Algorithmic) (10.3) On January 1 of the current year, Rhondell Corporation has accumulated E&P of $136,000. Current E&P for the year is $408;000, earned evenly throughout the year. Elizabeth and Jonathan are sole equal shareholders of Rhondell from January 2 to Apmil 30 , On May 1 , Elizabeth sells all of her stock to Marshall. Rhondell makes two distributions to shareholders during the year; a total of $217,600($105,800 to Elizabeth and s108,800 to Jonathan) on April 30 and a total of $380,800($190,400 to Jonathan and $190,400 Marshall) on December 31. Determine the allocation of the distributions by completing the table below. Assume that the shareholders have sulficient basis in their stock for any amount that is treated as return of eapital. If an amount is zero, enter " 0 ". If required, round any division to two decimat places and use in subsequent computatioas. Round final answers to the nearest dollar