Question: I will thumbs up for a timely response and the correct answer. Coke corporation balance of current E&P of $70,000 and accumulated E&P of $10,000

I will thumbs up for a timely response and the correct answer.

Coke corporation balance of current E&P of $70,000 and accumulated E&P of $10,000 distributes cash of $50,000 to its sole shareholder on December 31. What is Cokes end of year balance in accumulated E&P?

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