Hello I need help with this question

This year, ABC company reports current E&P of negative $488K. Its accumulated E&P at the beginning of the year was $304K. ABC company distributed $608K to its sole shareholder on June 30 of this year. Shareholders tax basis in the company stock is $100,500.

How much of the $608K distribution is treated as a dividend to the shareholder?

What is the shareholders tax basis in thecompany tock after the distribution?

What is the company's balance in accumulated E&P on the firs day of next year?