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At the beginning of the year, Purple, Inc., an S corporation, had $100,000 in its AAA, and $50,000 of earnings and prots from prior C

At the beginning of the year, Purple, Inc., an S corporation, had $100,000 in its AAA, and $50,000 of earnings and prots from prior C corporation years. During the year, Purple earned $60,000 of ordinary income and paid $200,000 in distributions to its shareholders. Assume that White owns 25% of Purple, her basis in Purple at the beginning of the year is $30,000, and her share of the distribution was $50,000. How much, if any, of the distribution is taxable to White as a dividend?

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