At the end of 2021, Mint, Inc, had accumulated earnings and proftis (AEP) of ($210,000). During 2021, Mint, Inc. had current earnings and profits of $11,000. At year end, Mint distributes an asset to Hector (the sole shareholder of Mint) with a fair market value of $80,000 and an adjusted basis of $20,000. Hectors basis in Mint stock (prior to this distribution) is $100,000. Hector has substantial income from other sources and is in the 37% tax bracket.

What impact (if any) will this distribution have on Mints taxable income in 2021?