In Year 5, Corona Inc. made cash distributions to its shareholders as follows: May 1, $3,000; August 1, $5,000. Corona's accumulated earnings and profits on January 1, Year 5 equal $8,000. Its Year 5 current earnings and profits is a negative $6,000.   1. How much of the May 1 distribution is a dividend to the shareholders? 2. How much of the August 1 distribution is a dividend to the shareholders? Show work for partial credit

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