At the start of the current year, Blue Corporation (a calendar year taxpayer) has accumulated E & P of $340,000. Blue's current E & P is $204,000, and at the end of the year, it distributes $680,000 ($340,000 each) to its equal shareholders, Pooja and Jon. Pooja's stock basis is $47,600; Jon's stock basis is $190,400.

How is the distribution treated for tax purposes?

If an amount is zero, enter "0".

Pooja has the following: Dividend income: $fill in the blank 1 Capital gain: $fill in the blank 2 Stock basis after distribution: $fill in the blank 3

Jon has the following: Dividend income: $fill in the blank 4 Capital gain: $fill in the blank 5 Stock basis after distribution: $fill in the blank 6