5.2 oints 3 TB ES Qu. 18-79 (Algo) Austin Company reports positive current E&P... 800.57.56 ing. Austin Company reports positive current E&P of $255,000 and a deficit in accumulated E&P of ($410,000). Austin distributed $316,000 to its sole shareholder, Betsy Bevo, on December 31, 20X3. Betsy's tax basis in her stock is $158,000. How much of the $316,000 distribution is treated as a dividend to Betsy, and what is her tax basis in Austin stock after the distribution?