i. Income from the harvest of timber in the amount of $22,000 was received. The trust document calls for a charge against income for depletion. Depletion is calculated based on a units-of-output...

i. Income from the harvest of timber in the amount of $22,000 was received. The trust document calls for a charge against income for depletion. Depletion is calculated based on a units-of-output method that is based on board feet of timber harvested. Approximately 11% of the total board feet is represented by this harvest. The land is expected to have a residual value of $60,000 after removal of the timber.

j. Real estate taxes on the land in the amount of $6,000 were paid. Such taxes are considered a component of trust income.