At the beginning of the year, Myrna Corporation (a calendar year taxpayer) has E & P of $167,250. The corporation generates no additional E & P during the year. On December 31, the corporation distributes $250,875 to its sole shareholder, Emerson, whose stock basis is $50,175

As a result the distribution Emerson has dividend income of $167250and a taxable gain of $_________. Emerson's stock basis is $0after the distribution.