Spartan Corporation uses a calendar year and redeemed 25 percent of its shares for $2,100 on July 1 of this year, in a transaction that qualified as an exchange under §302(a). Spartan's accumulated E&P at the beginning of the year was $2,100. Its current E&P is $21,100. Spartan made dividend distributions of $3,300 on June 1 and $4,500 on August 31. Determine the beginning balance in Spartan's accumulated E&P at the beginning of the next year. See Rev. Rul. 74-338, 1974-2 C.B. 101 and Rev. Rul. 74-339, 1974-2 C.B. 103 for help in making this calculation. (Round your intermediate calculations to the nearest whole dollar amount.)