Question: Complete the chart below, indicating the Calvet Trust entity accounting income for each of the alternatives. For this purpose, use the following information. Interest Income,

Complete the chart below, indicating the Calvet Trust entity accounting income for each of the alternatives. For this purpose, use the following information. Interest Income, taxable $300,000 Interest income, tax-exempt 30,000 Interest income, tax exempt but AMT Preference item 20,000 Long term capital gain 25,000 Trustee Fee 5,000 Trust Agreement Provisions Fees and capital gains allocable to corpus ----------------------------------------- Capital gains allocable to corpus, one half of fees allocable to income -------------------------------------- Capital gain allocable to income, silent concerning allocation of fees -------------------------------------- Fees and exempt income allocable to corpus, silent ----------------------------------------- concerning allocation of capital gain/loss

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