The Hatfield Trust is a simple trust. Norton is its sole beneficiary. In the current year, the trust earns $3,400 in nontaxable interest and $28,000 in dividend income. In addition, the trust recognizes a $10,000 casualty gain. The trustee assesses a fee of $5,000 for the year. a. If the trust agreement allocates fees as well as casualty gains and losses to corpus, trust accounting income is $
b. However, if the trust agreement allocates the fiduciary's fees to income, the trust accounting income is $

I tried using the DNI calculation to figure out the answers but I'm stumped, I'm not sure what I'm supposed to do with the 10,000 casualty gain. Can someone help me out?

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer