The Biltmore Trust is a simple trust. Crawford is its sole beneficiary. In thecurrent year, the trust earns $3,200 in taxable interest and $8,000 in tax-exempt interest. In addition, the trust recognizes a $2,500 long-term capital gain. The trustee assesses a fee of $1,800 for the year. a. Compute trust accounting income, where the trust agreement allocates fees andcapital gains to corpus.
b. Same as (a), except that fees are allocated to income.

A. Trust agreement allocates fees and capital gains to corpus.

Particulars                                  Amount

Taxable interest                          $3,200

Tax-exempt interest                   $8,000

Trust accounting income          $11,200

B. When fees are allocated to income.

Particulars                                  Amount

Taxable interest                          $3,200

Tax-exempt interest                   $8,000

Less: Fees                                   ($-1,800)

Trust accounting income          $9,400

i would say iii (3) because in order to compare a price you have to use as a reference other near stores because it's its

hope i explained myself