Cedar Corporation has an S corporation election in effect. During the 2020 calendar tax year, the corporation had an ordinary taxable income of $200,000, and on January 15, 2020, the corporation paid dividends to shareholders in the amount of $120,000. How much taxable income, in total, must the shareholders of the corporation report on their 2020 tax returns? IS I P N W Search mpatibility Mode - Word Mailings Review View 5 Help Cedar Corporation has an S corporation election in effect. During the 2020 calendar tax year, the corporation had an ordinary taxable income of $200,000, and on January 15, 2020, the corporation paid dividends to shareholders in the amount of $120,000. How much taxable income, in total, must the shareholders of the corporation report on their 2020 tax returns? IF W