A shareholder transfers $100,000 to a newly created corporation. At the end of the first year of successful operations, the corporation distributes $30,000 payment to the shareholder. If the transfer by the shareholder is all equity (ie. Stock), the affect of the $30,000 payment (Dividend Payment) to the shareholder results in a deduction to the corporation of:

		$ -0-.
		$ 30,000.
		$100,000.
		$ 70,000.