The Tucker Trust Was Established Six Years Ago $\quad$ $\quad$

The Tucker Trust was established six years ago. The trust is required to distribute all of the trust income at least annually to Betty for life. Capital gains are credited to principal. The current year results of the trust are as follows:
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Amounts Allocable to}$
$\begin{array}{lcc} & \text { Income } & \text { Principal } \\\text { Dividends } & \$ 15,000 & \\\text { Rental income from land } & 2,500 & \\\text { Tax-exempt interest } & 7,500 & \\\text { Rental expenses } & 500 & \\\text { Trustee fees } & & \$ 600 \\\text { Taxreturn preparation fee } & 250 & \\\text { Capital gain on stock sale (stock purchased five years ago) } & 24,250 & 6,000 \\\text { Distribution of net accounting income } & & 1,300\end{array}$
Payment of estimated taxes
Compute (a) distributable net income (DNI), (b) the distribution deduction, (c) trust taxable income, and (d) Betty's reportable income and its classification. Charge all of the deductible expenses against rent income.