Before considering the following distribution (date of distribution, February 6), Ludite, Inc. has a deficit in AE&P of ($25,000) and a balance in CE&P of $7,000. Bob is the sole shareholder of Ludite and has a $15,000 stock basis. During the current year, Ludite distributed $50,000 to Bob as a non-liquidating distribution. Answer each of the following questions relating to this distribution.

-A.B.C.D.E.F.G.H.	How much dividend income does Bob report?
-A.B.C.D.E.F.G.H.	How much capital gain does Bob report?
-A.B.C.D.E.F.G.H.	How much of the distribution is non-taxable to Bob?
-A.B.C.D.E.F.G.H.	What is Bob's stock basis when the dust clears after this distribution?