I will thumbs up for a timely response and the correct answer.

Apple corporation reports E&P of $200,000 and accumulated E&P of $100,000. It distributes $200,000 to Beatrice on May 1 and $200,000 to Katie on December 31. Beatrices stock basis is $10,000 and Katies stock basis is $30,000. How much of the distribution is taxed as capital gain to Katie?