16) Sally, an individual, is the sole shareholder of LMNOP Corp and has basis of $1,500 in the stock of LMNOP Corp. LMNOP Corp has accumulated E & P of $2,000 and no current E & P for the current year, 2018. In 2018, LMNOP Corp distributes $3,400 to Sally. Calculate the following:

A) Dividend income to Sally. If none, please indicate.

B) Return of capital to Sally. If none, please indicate.

C) Capital gain to Sally. If none, please indicate.