Barry Corporation is a calendar year taxpayer. At the beginning of the current year, Barry has accumulated E&P of $176,000. The corporation incurs a deficit in current E&P of $156,000 that accrues ratably throughout the year. On December 31, Barry distributes $30,000 to its sole shareholder, Lucy. If Lucy's stock has a basis of $4,000 how is she taxed on the distribution?