Xenia, Inc., a U.S.shareholder, owns 100% of Fredonia, a CFC.Xenia receives a $3 million cash distribution from Fredonia.Fredonia's E & P is composed of the following amounts. 
Xenia recognizes a taxable dividend of:
Definitions:
Tropical Biome
A biome characterized by a warm climate year-round, significant rainfall, and a high level of biodiversity, typically located near the Equator.
Grasses
Plants belonging to the family Poaceae, characterized by narrow leaves growing from the base.
Savanna
Tropical biome dominated by grasses with a few scattered shrubs and trees.
Freshwater
Bodies of water that have a low concentration of salt, such as lakes, rivers, and streams, crucial for the survival of many ecosystems.
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