Castenada Corporation reported current E&P for 20X3 of $500,000. During the year, the company made a distribution of land to its sole shareholder, John Castenada. The land's fair market value was $150,000 and its tax and E&P adjusted tax basis to Castenada was $100,000. John assumed a mortgage attached to the land of $25,000. What amount of dividend income does John report because of the distribution, and what is John's adjusted tax basis in the land received from Castenada?