A shareholder transfors $100,000 to a newly created corporation. At the end of the first year of successful operations, the corporation distributes $40,000 payment to the shareholder. If the transfer by the shareholder is all equity (ie. Stock), the affect of the $40,000 payment (Dividend Payment) to the shareholder results in a deduction to the corporation of: $40.000. $100,000. s 60,000 . $0