DURING 2004, THE STEROID COMPANY HAD A POSITIVE BALANCE IN ACCUMULATED
E & P AMOUNTING TO $79,073, AND A POSITIVE BALANCE IN CURRENT E & P
AMOUNTING TO $82,000. DURING THE YEAR, THE CORPORATION MADE THE
FOLLOWING QUARTERLY CASH DISTRIBUTIONS TO IT'S SHAREHOLDER, IRENE.

03/31/04 $68,000
06/30/04 $64,000
09/30/04 $56,000
12/31/04 $53,000

IRENE ALSO HAS A STOCK BASIS AMOUNTING TO $82,770

CALCULATE THE TAX EFFECT OF EACH DISTRIBUTION?