22) A calendar-year corporation has a $15,000 current E\&P deficit and a $40,000 positive accumulated E\&P balance. The shareholders of the corporation have a total basis in outstanding shares of $30,000. A $75,000 distribution is made to the shareholders on the last day of the year. The tax results to the shareholders will be A) dividend income of $0, a tax-free return of capital of $30,000, and capital gain of $45,000. B) dividend income of $40,000, a tax-free return of capital of $30,000, and capital gain of $5,000. C) dividend income of $25,000, a tax-free return of capital of $5,000, and capital gain of $45,000. D) dividend income of $25,000, a tax-free return of capital of $30,000, and capital gain of $20,000