Question: 20. The Eagleton Trust generated Distributable Net Income this year of $100,000, one- third of which was portfollo Income, and the balance of which

20. The Eagleton Trust generated Distributable Net Income this year of $100,000, one- third of which was portfollo Income, and the balance of which was exempt interest. Under the terms of the trust, Clara Eagleton is to receive an annual income distribution of $40,000. At the discretion of the trustee, additional Income distributions can be made to Clara, or to Clark Eagleton III. This year, the trustee's distributions to Clara totaled $70,000. Clark received $30,000. How much of the trust's distributable net Income is assigned to Clara? a. b. $100,000, under the "majority of income" rule $70,000 $50,000 C. d. 8. $30,000 $0

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