At the beginning of the year, Mojavi Corporation had accumulated E & P of $$210,000.$ On March $30,$ Mojavi sold an asset at a loss of $$200,000.$ For the calendar year, the corporation incurred a deficit in current E & P of $$305,000,$ which includes the $$200,000$ loss on the sale of the asset. If a distribution of $$50,000$ is made to its sole shareholder on April $1$ and the shareholder had a basis in their stock of $$72,000,$ how will the shareholder be taxed?