13. Grounded Air Flight Company had current E&P of $12,000 and accumulated E&P S7,000 when it distributed $20,000 in cash to its shareholders. What would be the taxable dividend and return of capital from this distribution? a. S 19,000 dividend & $1000 return of capital b, S 12,000 dividend and S8.000 return of capital O c. $17,200 dividend and $2,800 return of capital O d, $14,200 dividend & S 5,800 return of capital