Lilah Corp was a C Corporation for 10 years, before making an S Corp election on January 1, 2017. The accumulated C Corp earnings and profits on January 1, 2017 was $100,000. Lilah, the sole shareholder of Lilah Corp has a tax basis in her shares of $ 400,000. During 2017 Lilah Corp has ordinary income of $200,000 and a long term capital gain of $50,000. During 2017, Lilah Corp distributed $300,000 to Lilah. What amount of the distributions made to Lilah are treated as taxable dividend income in 2017. A. $100,000 B SO C. $50,000 D. $300,000