ABC Corp. had accumulated earnings and profits as of January 1, 2019 equal to $28,000. For the calendar year ending December 31, 2019 ABC Corp. had a $15,000 deficit in current earnings and profits.On April 30, 2019, ABC Corp. distributed $14,000 to Smith its sole shareholder.On August 31, 2019, ABC Corp. distributed another $26,000 to Smith.Smith had purchased his ABC Corp. stock from Grey on September 15, 2008, paying $8,000 for his shares.

What is the amount and character of the April 30, 2019 distribution received by Smith?