Aowns half the common stock of x with an adjusted basis of $40, and y owns the other half of the x common stock with an adjusted basis of $100. x’s current e& p from current-year income and expenses/losses is $94, and x has no accumulated e& p. x uses the accrual method, all taxpayers are on the calendar year, and § 1059 does not apply. assume that the corporate tax rate is 34 percent. x leases some rental property that it owns to t, and t agrees to pay the annual rent of $60 directly to x’s shareholders, a and y. what are the results to a, y, and x?