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35. Bart and Bridget each own one-half of the stock in Dolphin Corporation, a calendar year taxpayer. Cash distributions from Dolphin are: $350,000 to Bart

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35. Bart and Bridget each own one-half of the stock in Dolphin Corporation, a calendar year taxpayer. Cash distributions from Dolphin are: $350,000 to Bart and $150,000 to Bridget on December 31. If Dolphin's current E & P is $300,000, how much is allocated to Bridget's distribution? a. $250,000 b. $150,000 c. 0 d. $90,000

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