Distributions from a S Corporation: Dart Company, a calendar year corporation was formed in 1998 and made a proper S election in 2010 that is valid today. Its books and records for 2018 reflect the following information: Accumulated adjustments account at 1-1-18 $30,000 Ordinary income for 2018 $120,000 Accumulated earnings profits at 1-1-18 $60,000 Dart is solely owned by Robert, who basis in his Dart stock was $80,000 on 1-1-18. Answer the following independent questions: 1. If Dart distributed $20,000 to Robert, how much is taxable as a dividend? 2. If Dart distributed $130,000 to Robert, how much is taxable as a dividend? 3. If Dart distributed $180,000 to Robert, how much is taxable as a dividend? 4. If Dart distributed $230,000 to Robert, how much is taxable as a dividend Dividend: and how much is taxable at a capital gain? Capital Gain: 5. Is Dart distributed $280,000 to Robert how much is taxable as a dividend and how much is taxable at a capital gain? Dividend: Capital Gain: