At the start of the current year, Blue Corporation $($a calendar year taxpayer$)$ has accumulated E & P of $$140,000.$ Blue's current E & P is

$$84,000,$ and at the end of the year, it distributes $$280,000($ $$140,000$ each$)$ to its equal shareholders, Pooja and Jon. Pooja's stock basis is

$$19,600$; Jon's stock basis is $$78,400.$

How is the distribution treated for tax purposes?

If an amount is zero, enter $"0".$

Pooja has the following:

Dividend income: $$

Capital gain: $

Stock basis after distribution: $

Jon has the following:

Dividend income: $

Capital gain: $

Stock basis after distribution: $