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6. Green Corporation is a C corporation with earnings of $250,000. It paid $100,000 in dividends to its sole shareholder, Nick. Nick also owns
6. Green Corporation is a C corporation with earnings of $250,000. It paid $100,000 in dividends to its sole shareholder, Nick. Nick also owns 100% of Blue Corporation, an S corporation. Blue had net taxable income of $75,000 and made a $50,000 distribution to Nick. What income will Nick report from Green and Blue's activities? A) $150,000 B) $175,000 C) $250,000 D) $325,000
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