(Answered) Maui corporation makes two distributions during the current

Engineering

Maui Corporation makes two distributions during the current tax year-the first for $20,000 on February 1 and the second for $30,000 on August 1. Before consideration of the distributions, the corporation has $18,000 in current earnings and profits and $21,000 of accumulated earnings and profits. How much of the second distribution is taxable as a dividend?

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