Stacey and Andrew each own one half of the stock in parakeet corp, a calander ye

Stacey and Andrew each own one half of the stock in parakeet corp, a calander year tax payer. cash distributions from parakeet are $ 350,000…

Stacey and Andrew each own one half of the stock in parakeet corp, a calander year tax payer. cash distributions from parakeet are $ 350,000 to Stacey on april 1st, and $150,000 to Andrew on May 1st. if parakeets current E & P is $60,000 how much is allocated to Andrews distribution?a-5000b-10,000c-18,000d-30,000e-none of the above
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