This year, Sooner Company reports a deficit in current E&P of ($352,000). Its accumulated E&P at the beginning of the year was $298,000. Sooner distributed $596,000 to its sole shareholder, Boomer Wells, on June 30 of this year. Boomer’s tax basis in his Sooner stock is $116,000.
a. What is Sooner's balance in accumulated E&P on the first day of next year?

3. which of the following occupations relate to a skill category of mathematics and data? select all that apply. (2 correct answers) engineer financial analyst mechanic sales person 4. which of the following occupations relate to a skill category of words and literacy? select all that apply. (2 correct answers) educator lawyer marketing manager psychologist architect