At the start of the current year, Blue Corporation (a calendar year taxpayer) has accumulated E & P of $385,000. Blue's current E & P is $231,000, and at the end of the year, it distributes $770,000 ($385,000 each) to its equal shareholders, Pooja and Jon. Pooja's stock basis is $53,900; Jon's stock basis is $215,600. How is the distribution treated for tax purposes? If an amount is zero, enter "0". Pooja has the following: Dividend income: $ 308,000 Capital gain: $1 23,100 Stock basis after distribution: $ 0 Jon has the following: Dividend income: $ 308,000 Capital gain: $1 0 Stock basis after distribution: $ 192,500 X