ABC Corp. paid two cash distributions during year 5. The first was $42,000, and the second was $33,000. Accumulated earnings and profits (E & P) at the end of year 4 were $80,000. Current E & P for year 5 is $30,000. How will the second distribution be allocated between current E & P and accumulated E & P?

        Current E & P               Accumulated E & P
a. $13,200...................................................$19,800
b. $16,500...................................................$16,500
c. $19,800...................................................$13,200
d. $30,000...................................................$30,000