Exercise 19-33 (Algorithmic) (10.9) Caramel Corporation has 19,300 shares of stock outstandinig. In a qualifying stock redemption, Caramel distributes $283,200 in exchange for 4,825 of its shares. At the time of the redemption, Caramel has paid-in-capital of $1,416,000 and E&P of $849,600. Calculate the reduction to Caramel's E &P as a result of the distribution. The result of this redemption is a f charge to E \& P