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4 points Eisenhower Corporation has a negative accumulated E&P of $60,000. For 2020, it has current E&P of $60,000. On March 31, 2020 Eisenhower distributes

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4 points Eisenhower Corporation has a negative accumulated E&P of $60,000. For 2020, it has current E&P of $60,000. On March 31, 2020 Eisenhower distributes $85,000 to its sole shareholder, Dwight. Dwight has a basis of $10,000 in his stock in Tenhower Corporation. Dwight has dividend income of 560.000 and reduces his stock basis to $5.000 Dwight has dividend income of $85.000 O Dwight has dividend income of $60,000 reduces his stock basis to Sochas capital gain of $15.000 Dwight has no dividend income reduces his stock basis to 50; has capital gain of $75.000

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