Complete the chart below, indicating the Calvet Trust entity accounting income for each of the alternatives. For this purpose, use the following information.
Interest Income, taxable $300,000
Interest income, tax-exempt 30,000
Interest income, tax exempt but AMT Preference item 20,000
Long term capital gain 25,000
Trustee Fee 5,000
Trust Agreement Provisions
Fees and capital gains allocable to corpus —————————————–
Capital gains allocable to corpus, one half of fees allocable to income ————————————–
Capital gain allocable to income, silent concerning allocation of fees ————————————–
Fees and exempt income allocable to corpus, silent —————————————–
concerning allocation of capital gain/loss