1. As of January 1, 2020, Becker Corporation had a deficit balance in accumulated E & P of $100,000. During 2020 the corporation had new (current) E & P (accrued ratably throughout the year) of $240,000 (prior to any distributions). On July 1, Becker Corporation distributes $275,000 to its sole shareholder, Tate. The amount, if any, of the distribution that is taxed as a dividend on Tates 2020 federal income tax return is?