Exercise 19-21 (Algorithmic) (LO. 1) At the beginning of the year, Myrna Corporation (a calendar year taxpayer) has E&P of $77,550. The corporation generates no additional E & P during the year. On December 31, the corporation distributes $116,325 to its sole shareholder, Abby, whose stock basis is $23,265. How is the distribution treated for tax purposes? If an amount is zero, enter "O". As a result the distribution Abby has the following: Dividend income: $ Return of capital: Capital gain: - Stock basis after the distribution