I want with detailed explanation and with all formulaes

This year, Company J reported current earnings and profits of $200,000 and accumulated earnings and profits of $200,000. It distributed $250,000 to its onl shareholder, Sam on the last day of the year. Sam's tax basis in the company is $100,000. How much of the $250,000 distribution will be treated as dividend to Sam? a. $250,000 b. $200,000 c. $100,000 d. None of the above