At the beginning of the year, Myrna Corporation $($a calendar year taxpayer$)$ holds E & P of $$147,700.$ The corporation generates no additional E & P during the year. On December $31,$ the corporation distributes $$221,550$ to its sole shareholder, Abby, whose stock basis is $$44,310.$ How is the distribution treated for tax purposes?

If an amount is zero, enter $"0".$

As a result the distribution Abby has the following:

Dividend income: $

Return of capital:

Capital gain:

Stock basis after the distribution: