At the beginning of the year, Myrna Corporation (a calendar year taxpayer) holds E & P of $161,500. The corporation generates no additional E & P during the year. On December 31, the corporation distributes $242,250 to its sole shareholder, Abby, whose stock basis is $48,450.

How does the Federal income tax law treat this distribution? If an amount is zero, enter "0". As a result the distribution Abby has the following:

Dividend income: $ 161,500

Return of capital: $ 48,450

Capital gain: $ 32,300

Stock basis after the distribution: $ ___________