(4) Able is a shareholder in the QRS Corp. QRS has accumulated earnings and profits of $200,000, and current earnings and profits for the year 2019 equal to $300,000. What are the tax consequences to Able if QRS on December 15, 2019 declares a dividend equal to $250,000 payable in equal amounts of $50,000 to Able and the other four shareholders of QRS Corp. on December 27, 2019, if: (a) The amount declared is payable in the common stock of QRS? (b) Able and his fellow shareholders have the option of having the amount declared paid either in cash or QRS stock, and they all choose to receive additional stock? (c) Able can receive only additional QRS stock for his share of the amount declared, and the other four shareholders can receive only cash for their share