Question: Exercise 28-15 (Algorithmic) (LO. 2) The Bildge Trust is a simple trust. Crawford is its sole beneficiary, In the current year, the trust earns $29,325
Exercise 28-15 (Algorithmic) (LO. 2) The Bildge Trust is a simple trust. Crawford is its sole beneficiary, In the current year, the trust earns $29,325 in taxable interest and $73,313 in tax-exempt interest. In addition, the trust recognizes a $1,275 long-term capital gain. The trustee charges a fee of $18,328 for the year. a. Compute trust accounting income, where the trust agreement allocates fees and capital gains to corpus. b. Compute trust accounting income, where the trust agreement allocites fees to income. c. Construct a Microsoft Excel formula that will generate the correct answer to both parts (a) and (b)
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