Bruin Company reports current E&P of $300,000 in 20X3 and accumulated E&P at the beginning of the year of $150,000. Bruin distributed $500,000 to its sole shareholder on January 1, 20X3. How much of the distribution is treated as a dividend in 20X3? Multiple Choice $150,000 $500,000 $300.000 $450,000