53. LO.6 Harold, Marcia, and Richard are equal shareholders in Pelican Corporation, a calendar year C corporation. During 2013, Pelican makes a $150,000 distribution to its three shareholders. Of the $50,000 that each shareholder receives, the tax result is as follows:

• No income to Harold.

• $30,000 capital gain to Marcia.

• $50,000 capital gain to Richard.

Explain the variations in these tax consequences.