On January Marco Corporation acquired all of the outstanding stock of Polo Corporation in a Type A statutory merger and the two corporations were combined into a single entity. Immediately before the merger, Marco had positive accumulated earnings and profits in the amount of $ and Polo had an accumulated earnings and profits deficit of $

a During the year ended December the combined entity had current earnings and profits in the amount of $ and it made no distributions. Compute the corporations earnings and profits balances as of December

b During the year ended December the corporation had current earnings and profits of $ and it distributed $ in cash to its shareholders. Compute the corporations earnings and profits balances as of December

c During the year ended December the combined entity had current earnings and profits in the amount of $ and it made no distributions. Compute the corporations earnings and profits balances as of December