Question: IV. (12 Points) Complete the following schedule for each case. Assume the shareholders have a basis in this investment of $40,000. Accumulated Cash Distribution Return

IV. (12 Points) Complete the following schedule for each case. Assume the shareholders have a basis in this investment of $40,000. Accumulated Cash Distribution Return Capital E&P Current (All on Last Dividend of Beginning of year E&P Day of Year) Income Capital Gains A. ($150,000) $70,000 $140,000 B. 130,000 50,000 190,000 C. 120,000 (40,000) 130,000 D. Same as (C) except Page 4 distribution of $130,000 is

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