At the beginning of the current year, Maple Corporation (a calendar year taxpayer) has accumulated E & P of $140,000. During the year, Maple incurs a $120,000 loss from operations that accrues ratably. On July 1, Maple distributes $85,000 in cash to Asya, its sole shareholder.

How is Asya taxed on the distribution?

Of the $85,000 distribution, $ _________ is taxed as a dividend and $ _______ represents a return of capital.