Matthew and John are owners of Fisher Corporation. Matthew owns one$-$third $(100$ shares$)$ of the corporation's stock. His basis in the

stock is $$18,000.$ John owns two$-$thirds $(200$ shares$)$ of the corporation's stock. His basis in the stock is $$25,000.$ On June $10$ of the current

year, Fisher Corporation distributes $$30,000$ to Matthew and $$50,000$ to John.

Determine the tax consequences of the cash distributions to Matthew and John if current E&P is $$33,000$ and accumulated E&P

is $$30,000.$

Please be sure to calculate the following for Matthew and John: