At the start of the current year, Blue Corporation (a calendar year taxpayer) has accumulated E & P of $220,000. Blue's current E & P is $132,000, and at the end of the year, it distributes $440,000 ($220,000 each) to its equal shareholders, Pam and Jon. Pam's stock basis is $30,800; Jon's stock basis is $123,200. How is the distribution treated for tax purposes?

If an amount is zero, enter "0".

Each shareholder has dividend income of $___________. In addition, Pam has a reduction in stock basis to $ and a capital gain of $_______. Jon has a reduction in stock basis to $_________.