At the beginning of the current year, Laura owns 100% of the stock of ABC Corporation. On 7/1/20, Lisa sold her stock to Mark. At the beginning of 2020, ABC Corporation had accumulated E&P of $400,000 and its current E&P for 2020 is $400,000 (prior to any distributions). ABC distributed $500,000 cash on February 15th to Laura and distributed another $500,000 cash to Mark on November 1st. How much dividend income does Mark recognize from ABC this year? At the beginning of the current year, Laura owns 100% of the stock of ABC Corporation. On 7/1/20, Lisa sold her stock to Mark. At the beginning of 2020, ABC Corporation had accumulated E&P of $400,000 and its current E&P for 2020 is $400,000 (prior to any distributions). ABC distributed $500,000 cash on February 15th to Laura and distributed another $500,000 cash to Mark on November 1st. How much dividend income does Mark recognize from ABC this year