At the beginning of the year, Myrna Corporation (a calendar year taxpayer) has E & P of $154,600. The corporation generates no additional E & P during the year. On December 31, the corporation distributes $231,900 to its sole shareholder, Abby, whose stock basis is $46,380. 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:$