On January 1 of the current year, Rhondell Corporation has accumulated E & P of $112,000. Current E & P for the year is $336,000, earned evenly throughout the year. Elizabeth and Jonathan are sole equal shareholders of Rhondell from January 1 to April 30. On May 1, Elizabeth sells all of her stock to Marshall. Rhondell makes two distributions to shareholders during the year: a total of $179,200 ($89,600 to Elizabeth and $89,600 to Jonathan) on April 30 and a total of $313,600 ($156,800 to Jonathan and $156,800 Marshall) on December 31. Determine the allocation of the distributions by completing the table below. Assume that the shareholders have sufficient basis in their stock for any amount that is treated as return of capital. If an amount is zero, enter "0". If required, round any division to two decimal places and use in subsequent computations. Round final answers to the nearest dollar.
April 30 distribution of $179,200
1. From Current E & P 2.From Accumulated E & P 3.Treated as Return of Capital
December 31 distribution of $313,600
1.From Current E & P 2.From Accumulated E & P 3.Treated as Return of Capital
Total distribution: 179200 +313600 = 492800
From current E & P 
From accumulated E & P 
Treated as return on capital 

April 30 distribution 
12218 
57018 
0 
December 31 distribution 
336000122182= 213818 
11200057018= 54982 
31360021381854982= 44800 
**current E & P (April 30 distribution) = current earning * April distribution /total distribution
= 336000* 179200/492800
= 122182
Accumulated E& p= 179200122182
=57018
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