Caramel Corporation has 10,800 shares of stock outstanding. In a qualifying stock redemption, Caramel distributes $227,200 in exchange for 2,700 of its shares. At the time of the redemption, Caramel has paid-in-capital of $1,136,000 and E & P of $681,600. 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