4 7. Marilyn owns 100% of the stock of Lilac, Inc., with an adjusted basis of $45,000. She receives a cash distribution of $160,000 from Lilac when its earnings and profits are $90,000. a. What is Marilyn's dividend income? b. What is Marilyn's recognized gain or loss? c. What is Marilyn's adjusted basis for her stock after the distribution? coin non in hin