Caramel Corporation has 10,400 shares of stock outstanding. In a qualifying stock redemption, Caramel distributes $203,400 in exchange for 2,600 of its shares. At the time of the redemption, Caramel has paid-in-capital of $1,017,000 and E & P of $610,200. Calculate the reduction to Caramel's E & P as a result of the distribution. The result of this redemption is a $ ______ charge to E & P.