At the beginning of the current year Wisconsin Corporation has a $45,000 accumulated E&P balance and a $91,250 current E&P deficit. The corporation distributes $80,000 cash to its sole shareholder on May 5. The shareholder's tax basis in her Wisconsin stock at the beginning of the year is $240,000. Read the fequirements. Requirement a. What amount of the $80,000 distribution is taxable as a dividend (assume a ratable allocation of the deficit)? (Use a 365-day year for computations. Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) The taxable dividend amounts to a. What amount of the $80,000 distribution is taxable as a dividend (assume a ratable allocation of the deficit)? b. What are the amount and character of any nondividend distributions to the shareholder? c. What is the amount of Wisconsin's accumulated E&P balance (deficit) on the last day of the year