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Stacey and andrew each own one half of the stock in

Question - 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- 5000

b- 10,000

c- 18,000

d- 30,000

e- none of the above

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Accounting Basics: Stacey and andrew each own one half of the stock in

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