$!$

Required information

Problem $7-39($LO $7-2)($Static$)$

$[$The following information applies to the questions displayed below.$]$

This year, Bobcat Company reports a deficit in current E$\backslash$&P of $\backslash ((\backslash$$ $300,000)\backslash )$ that accrued evenly throughout the year. At the beginning of the year, Bobcat's accumulated E$\backslash$&P was $\backslash$$$200,000.$ Bobcat distributed $\backslash (\backslash$$ $200,000\backslash )$ to its sole shareholder, Melanie, on June $30$ of this year. Melanie's tax basis in the Bobcat stock before the distribution was $\backslash (\backslash$$ $75,000\backslash ).$

Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.

Problem $7-39$ Part d $[$MUST MANUALLY GRADE$]($Static$)$

d$.$ Prepare a draft of Bobcat's form $5452$ for this year. You may assume that the June $30$ distribution was Bobcat's first and only distribution.

Note: Visit the IRS website and download Form $5452.$ Enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save."