9. ABC Corporation has one shareholder, Dara. She has an adjusted basis of $20,000 in her stock. At the beginning of the year, ABC Corporation (a calendar year taxpayer) has accumulated earnings and profits (E & P) of $55,000. The corporation generates no additional E & P during the year. The corporation makes a distribution to Dara of $60,000. How much of this distribution is taxable as a dividend? a. $0 b. $5,000 c. $20,000 d. $55,000 e. $60,000