Bob owns 100% of the stock of XYZ corporation. Bobs tax basis in XYZ corporation as of January 1, 2015 is2,00,000 _______. As of December 31, 2014 XYZ had accumulated E&P of _4,00,000______. During 2015, XYZ earns current E&P of _3,00,000_______. On __december31,___ 2015, XYZ makes a distribution of _5,00,000______ to Bob. a.How is the distribution characterized (i.e. how much is a dividend, how much is a return of capital, how much is a capital gain)? b.What is Bobs tax basis in XYZ corporation after the distribution?