Caramel Corporation has 13,700 shares of stock outstanding. In a qualifying stock redemption, Caramel distributes $220,200 in exchange for 3,425 of its shares. At the time of the redemption, Caramel has paid-in-capital of $1,101,000 and E & P of $440,400.

The result of this redemption is a $_______ charge to E & P and a $________ reduction of the Caramel's paid-in-capital account.