Jacksonville Company reports positive current E&P for 2020 of $100,000 and a deficit in accumulated E&P of ($200,000) as 12/31/20. Jacksonville distributed $150,000 cash to its sole shareholder, Jeff, on 12/31/20. Jeff's tax basis in his stock is $300,000. How much of the $150,000 distribution, if any, is treated as a dividend to Jeff?