Jayhawk Company reports current E&P of $310,000 and a deficit in accumulated E&P of ($282,500). Jayhawk distributed $505,000 to its sole shareholder, Rock, on the last day of the year. Rock's tax basis in the Jayhawk stock before the distribution is $128,750.

Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.

a. How much of the $505,000 distribution is treated as a dividend to Rock?

b. What is Rock's tax basis in the Jayhawk stock after the distribution?

c. What is Jayhawk's balance in accumulated E&P on the first day of next year?