A company begins year 1 with 600,000 of Accumulated Eamp;P. Determine current and accumulated Eamp;P for the end of years 1, 2, amp; 3 with the…

A company begins year 1 with 600,000 of Accumulated E&P. Determine current and accumulated E&P for the end of years 1, 2, & 3 with the following data:

                                                           YEAR 1                     YEAR 2                     YEAR 3

Taxable Income(loss)                      450,000                      (150,000)                    300,000

Installment Sale in year 1 AR 1,000,000, adjusted basis 600,000

Taxes paid                                        140,000                       0                                93,000

Insurance Premiums                      100,000                      120,000                      95,000

Life Insurance Death benefit         0                                 250,000                      100,000

Tax Exempt Income                        85,000                        20,000                        50,000

Total Meal & Entertainment          20,000                        26,000                        12,000

Section 179 Expense                       100,000                      20,000                        100,000

Capital Loss Cf                                (75,000)

Capital Gain                                     25,000                        55,000                        10,000

Capital Loss                                                                                                             (35,000)

NOL Carryforward                         140,000                      

Distributions                                    1,000,000                   200,000                      210,000

I need to show calculations using Excel spreadsheet. For each year show end of year E&P, beginning of year Accumulated E&P, current year E&P, and treatment of distribution. Please help completing this, thanks

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