Werling Corporation has current Earnings & Profits ("EP") of $25,000 and accumulated EP of $10,000. Werling Corporation makes the following distributions to its shareholders during the year: Taxable Income Increase (Decrease) Adjustment to Taxable Income to get to E&P a. Charitable contribution of 64,000 in 2023. Only 20,000 can be deducted in the current year due to the taxable income limitation. Shareholder Mike Meagher Andrea Beats Date February 16 March 3 Amount of Distribution $54,000 $34,000 (a) Please allocate Werling Corporation's current EP between Mike and Andrea. How much current EP do they each receive? Mike: _______________________________ Andrea: _______________________________ (b) Please allocate Werling Corporation's accumulated EP between Mike and Andrea. How much accumulated EP do they each receive? Mike: _______________________________ Andrea: _______________________________ (c) How much of Mike's distribution will get dividend treatment