Spartan corporation redeemed 25 percent of its shares for $1,800 on july 1 of this year, in a transaction that qualified as an exchange under §302(a). spartan’s accumulated e& p at the beginning of the year was $1,800. its current e& p is $16,300. spartan made dividend distributions of $2,700 on june 1 and $6,000 on august 31. determine the beginning balance in spartan’s accumulated e& p at the beginning of the next year. see rev. rul. 74-338, 1974-2 c. b. 101, and rev. rul. 74-339, 1974-2 c. b. 103, for in making this calculation. (round your intermediate calculations to the nearest whole dollar amount.)