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63. Arrow, Inc. has an accumulated decit of $3,000. This year it distributes $15,000 to its shareholders. How much of the amount is a dividend

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63. Arrow, Inc. has an accumulated decit of $3,000. This year it distributes $15,000 to its shareholders. How much of the amount is a dividend if the current year's books reveal the following items: Taxable income $2,000 Proceeds from keyman life insurance $10,000 Interest from Iowa City bonds $5,000 Capital loss 4,000 a. $10,000 b. $0 0. $13,000 (1. $2,000

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