Carter and Grant each own one-half of the stock in Parakeet Corporation, a calendar year taxpayer. Cash distributions from Parakeet are: $350,000 to Carter on April 1 and $150,000 to Grant on May 1. If Parakeet's current E & P is $50,000, how much is allocated to Grant's distribution? (Format your answer to include dollar signs and commas - do not include decimals. Example $9,999,999)