Miley decided to terminate the S corporation election of her solely owned corporation on October $17,2019($effective immediately$),$ in preparation for taking it public. Miley had previously elected S corporation status on January $1,2018.$ At the time of the election, the corporation had an accumulated adjustments account balance of $$210,000$ and $$500,000$ of accumulated E&P from prior C corporation years, and Miley had a basis in her S corporation stock of $$180,000.$ During $2020,$ Mileys corporation reported $$0$ taxable income or loss. Also, during $2020$ the corporation made distributions to Miley of $$110,000$ and $$80,000.$How are these distributions taxed to Miley assuming the following?