Lone Star Company is a calendar$-$year corporation, and this year Lone Star reported $$134,000$ in current E&P that accrued evenly throughout the year. At the beginning of the year, Lone Star's accumulated E&P was $$16,080.$ Lone Star declared $$40,200$ in cash distributions on each of the following dates: April $1,$ July $1,$ October $1,$ and December $31.$

A$.$ How much of the $$160,800$ in total distributions will be treated as dividends?

$\backslash$table$[[,$Distribution,Current E&P$,$Accum. E&P$,$Avail. E&P$],[$April $1,,,,],[$July $1,,,,],[$October $1,,,,],[$December $31,,,,],[$Totals$,,,,]]$

B$.$ Suppose that Matt owned all Lone Star's shares at the beginning of the year and sold half of the shares to Chris on June $1^{st}$ for $$53,600.$ How much dividend income will Matt recognize this year?

$\backslash$table$[[,\backslash$table$[[$Distribution To$],[$Matt$]],\backslash$table$[[$Matt$\text{'}$s share$],[$Available E&P$]],\backslash$table$[[$Dividend to$],[$Matt$]],\backslash$table$[[$Matt$\text{'}$s Return$],[$of Capital$]]],[$April $1100\%,,,,],[$July $150\%,,,,],[$Oct$.150\%,,,,],[$Dec$.3150\%,,,,],[$Totals$,,,,]]$