At the beginning of the year, Myrna Corporation (a calendar year taxpayer) has E & P of $164,950. The corporation generates no additional E & P during the year. On December 31, the corporation distributes $247,425 to its sole shareholder, Abby, whose stock basis is $49,485. 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: 164,950 Return of capital: $ 197,940 X Capital gain: $ 32,990 Stock basis after the distribution: $ 0