Terrance is age 72 and retired. Beginning in 2022 , he must start taking minimum distributions from his IRA account that had a balance of $150,000 as of December 31,2021 . Make these three assumptions: his IRA will earn 8% per year based on the annual beginning balance, he will withdraw the minimum distribution on the last day of each calendar year, and only one distribution will be taken in 2022. Required: Calculate the amount of his distribution for years 2022 through 2026 and the ending balance in his IRA account on December 31 , 2026. Use Table I, Table III, and Table V. Note: Round "Applicable Life Expectancy" answers to 1 decimal place and other answers to nearest whole dollar value. Use these answers in subsequent computations. Table I (Single Life Expectancy) (For Use by Beneficiaries) (ror use by: - Unmarried Owners, - Married Owners Whose Spouses Are Not More Than 10 Years Younger, and - Married Owners Whose Spouses Are Not the Sole Beneficiaries of Their IRAs) TABLE V-ORDINARY LIFE ANNUITIES ONE LIFE-EXPECTED RETURN MULTIPLES \begin{tabular}{|c|c|c|c|c|c|} \hline AGE & MULTIPLE & AGE & MULTIPLE & AGE & MULTIPLE \\ \hline 5 & 76.6 & 42 & 40.6 & 79 & 10.0 \\ \hline 6 & 75.6 & 43 & 39.6 & 80 & 9.5 \\ \hline 7 & 74.7 & 44 & 38.7 & 81 & 8.9 \\ \hline 8 & 73.7 & 45 & 37.7 & 82 & 8.4 \\ \hline 9 & 72.7 & 46 & 36.8 & 83 & 7.9 \\ \hline 10 & 71.7 & 47 & 35.9 & 84 & 7.4 \\ \hline 11 & 70.7 & 48 & 34.9 & 85 & 6.9 \\ \hline 12 & 69.7 & 49 & 34.0 & 86 & 6.5 \\ \hline 13 & 68.8 & 50 & 33.1 & 87 & 6.1 \\ \hline 14 & 67.8 & 51 & 32.2 & 88 & 5.7 \\ \hline 15 & 66.8 & 52 & 31.3 & 89 & 5.3 \\ \hline 16 & 65.8 & 53 & 30.4 & 90 & 5.0 \\ \hline 17 & 64.8 & 54 & 29.5 & 91 & 4.7 \\ \hline 18 & 63.9 & 55 & 28.6 & 92 & 4.4 \\ \hline 19 & 62.9 & 56 & 27.7 & 93 & 4.1 \\ \hline 20 & 61.9 & 57 & 26.8 & 94 & 3.9 \\ \hline 21 & 60.9 & 58 & 25.9 & 95 & 3.7 \\ \hline 22 & 59.9 & 59 & 25.0 & 96 & 3.4 \\ \hline 23 & 59.0 & 60 & 24.2 & 97 & 3.2 \\ \hline 24 & 58.0 & 61 & 23.3 & 98 & 3.0 \\ \hline 25 & 57.0 & 62 & 22.5 & 99 & 2.8 \\ \hline 26 & 56.0 & 63 & 21.6 & 100 & 2.7 \\ \hline 27 & 55.1 & 64 & 20.8 & 101 & 2.5 \\ \hline 28 & 54.1 & 65 & 20.0 & 102 & 2.3 \\ \hline 29 & 53.1 & 66 & 19.2 & 103 & 2.1 \\ \hline 30 & 52.2 & 67 & 18.4 & 104 & 1.9 \\ \hline 31 & 51.2 & 68 & 17.6 & 105 & 1.8 \\ \hline 32 & 50.2 & 69 & 16.8 & 106 & 1.6 \\ \hline 33 & 49.3 & 70 & 16.0 & 107 & 1.4 \\ \hline 34 & 48.3 & 71 & 15.3 & 108 & 1.3 \\ \hline 35 & 47.3 & 72 & 14.6 & 109 & 1.1 \\ \hline 36 & 46.4 & 73 & 13.9 & 110 & 1.0 \\ \hline 37 & 45.4 & 74 & 13.2 & 111 & 9 \\ \hline 38 & 44.4 & 75 & 12.5 & 112 & 8 \\ \hline 39 & 43.5 & 76 & 11.9 & 113 & \\ \hline \end{tabular}