Martin Corporation reports current E\&P of ($240,000) this year and accumulated E\&P of $100,000 at the beginning of the year. Martin distributed $85,000 cash to its sole shareholder, Craig, on March 31 of the year. Graig's basis in his Martin Corporation stock before the distribution is $60,000. Please number your answers. If any of the answers are 0-, do not leave blank Put 0 - ( 6 points) 1. How much of the distribution is a dividend to Craig? 2. How much of the distribution is a nontaxable return of capital to Craig? 3. How much of the distribution is a capital gain to Craig