As of January 1, Sarah Corporation has accumulated E & P of $36,000. For the tax year, current E & P (accrued ratably) is a deficit of $50,000 (prior to any distributions). On July 1, Sarah Corporation distributes $30,000 to its sole shareholder. The amount of the distribution that is a dividend is:

As of January 1, Sarah Corporation has accumulated E \& P of $36,000. For the tax year, current E&P (accrued ratably) is a deficit of $50,000 (prior to any distributions). On July 1 , Sarah Corporation distributes $30,000 to its sole shareholder. The amount of the distribution that is a dividend is