Could you please help me with these questions? Thank you!!

1) Toga Corporation (Toga) is a calendar year corporation with CE&P of $100,000 in 2016. Toga has a deficit in AE&P at the beginning of the year of ($200,000) (i.e., negative $200,000). Toga makes a non-liquidating distribution of $300,000 to its sole shareholder (Bluto) on January 1, 2016. Blutos tax basis in his stock in Toga was $40,000 immediately prior to the distribution. The stock is a capital asset in Blutos hands, and Bluto has a long-term holding period in the stock. What is the tax treatment of the distribution to Bluto?

a. $300,000 dividend b. $100,000 dividend, $40,000 tax-free return of capital, and $160,000 long-term capital gain c. $0 dividend, $40,000 tax-free return of capital, and $260,000 ordinary income d. $0 dividend, $40,000 tax-free return of capital, and $260,000 long-term capital gain e. $100,000 dividend, $40,000 tax-free return of capital, and $160,000 ordinary income

2) Cheesesteak Corporation (Cheesesteak) is a calendar year corporation. Cheesesteak had $10,000 of CE&P for its 2016 taxable year, and it had $15,000 in AE&P at the beginning of the year. During 2016, Cheesesteak made a $20,000 cash distribution to its shareholders on April 1st and made another $20,000 distribution on July 1st. What amount of the July 1st distribution should be classified as dividend income to Cheesesteaks shareholders?

a. $2,500 b. $5,000 c. $10,000 d. $12,500 e. $20,000