please show work...thank you! 34. LO.1, 3 Complete the following schedule for each...
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34. LO.1, 3 Complete the following schedule for each case. Unless otherwise indicated, assume that the shareholders have ample basis in the stock investment. Accumulated E&P Beginning of Year Current E&P Cash Distributions (All on Last Day of Year) Dividend Income Return of Capital a. ($200,000) $ 70,000 $130,000 S_----- b. 150,000 (120,000) 210,000 90,000 70,000 150,000 d. 120,000 (60,000) 130,000 e. Same as (d), except that the distribution of $130,000 is made on June 30 and the corporation uses the calendar year for tax purposes
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