At the beginning of the year, Myrna Corporation (a calendar year taxpayer) has E & P of $32,000. The corporation generates no additional E & P during the year. On December 31, the corporation distributes $50,000 to its sole shareholder, Abby, whose stock basis is $10,000. 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: ?

Can you please explain you answer thank you!