The following question is based on the material in Chapter 2 of the textbook Advanced Income Tax Law: (Trusts - Discretionary distribution) The estate of the Late Olivia Little (died 2015) derived a net income of $140,000 during the 2017/18 tax year. The will provided that trust income was to be distributed as follows: Tim Her husband 40% of any income Shaun Her 25 year old son who has been certified insane 25% of any income Rosa Her 20 year old daughter who is a full-time student 15% of any income Kristy Her 17 year old daughter who is employed full-time 10% of any income The Will also provided that the balance be either retained or distributed to a beneficiary at the discretion of the trustee. During the tax year, an additional amount of $9,000 was paid towards Rosas overseas trip. Required: Complete the following table (covering all beneficiaries) nominating: Name of the BENEFICIARY Whether or not the beneficiary is PRESENTLY ENTITLED Whether or not the beneficiary is under a LEGAL DISABILITY WHO IS ASSESSED on each amount Which sections of the ITAA36 apply to make the income assessable The AMOUNT retained or distributed. Beneficiary Presently entitled? (Yes/No) Legal disability? (Yes/No) Who is assessed? (Beneficiary or Trustee) ITAA36 Section(s) Applicable Amount $ Tim Shaun Rosa Kristy Balance Total $