In 2019, Cabell Mapp passed away in Belle Haven, Virginia. Pursuant to his will, a testamentary trust was established. The trust instrument requires that $10,000 a year be paid to the University of Virginia. The balance of the income may, in the trustee's discretion, be accumulated or distributed to Sarah Mapp. Expenses are allocable against income and the trust instrument requires a reserve for depreciation. During the taxable year, the trustee contributes $10,000 to the University of Virginia, and in his discretion distributes $15,000 of income to Sarah Mapp. The trust has the following items of income and expenses for the taxable year.

a. Determine trust accounting income.

b. Determine DNI as an income ceiling.

c. Determine DNI as a deduction ceiling.

d. Determine the trust taxable income.

e. Determine DNI as a qualitative yardstick.

f, Determine Sarah Mapp’s Schedule K-1 amounts, g. Has any wastage occurred in connection with the charitable deduction? Could this wastage have been prevented?

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Dividends Interest Fully tax-exempt interest Rents Rental expenses Depreciation of rental property Trustee's commissions $10,000 10,000 10,000 20,000 2,000 3,000 5,000