Computing dni, taxable income (lo. 2, 3)

the allwardt trust is a simple trust that correctly uses the calendar year for tax purposes. its income beneficiaries (lucy and ethel) are entitled to the trust's annual accounting income in shares of one-half each.

for the current tax year, allwardt reports the following.

ordinary income $100,000
long-term capital gains 30,000
trustee commission expense, allocable to corpus 5,000
the trust instrument allocates the capital gain to income.

a. each beneficiary is entitled to receive income of $ .

b. the trust's dni is $ .

c. the trust's selecttaxable incomelosscorrect 1 of item 3 is $ .

d. each of the beneficiaries can report $ of gross income.