301-INCOL X Week 6 Assignment X wconnect.mheducation.com/flow/connect.html ment Comprehensive Problem 7-67 (LO 7-1, LO 7-2, LO 7-3, LO 7-4, LO 7-5) Thriller Corporation has one class of voting common stock. of which 1.000 shares are issued and outstanding. The shares are o as follows: Joe Jackson Mike Jackson (Joe's son) Jane Jackson (Joe's daughter) Vinnie Price (unrelated) Total shares 1, 836 Thriller Corporation has current E&P of $400.000 for this year and accumulated ESP at January 1 of this year of $60,000. During th year. the corporation made the following distributions to its shareholders; 03/31: Distributed $100 per share to each shareholder ($100,000 in total). 06/30: Distributed $100 per share to each shareholder ($100.000 in total 09/30: Distributed $100 per share to each shareholder ($100,000 in total). 12/31: Redeemed all of Vinnie's shares for $250,000 in cash. a. Determine the tax status of each distribution made this year. Treatment distribution on 03/31 Joe distribution on 06/30 Vinnie distribution on 09/30 distribution on 12/31 b. Compute the corporation's accumulated E&P at January 1 of next year. (Do not round Intermediate calculations.) lated E & P at 01/01 of next year pe here to search e