Miley decided to terminate the S corporation election of her solely owned corporation on October 17, 2021 (effective immediately), in preparation for taking it public. Miley had previously elected S corporation status on January 1, 2020. At the time of the election, the corporation had an accumulated adjustments account balance of $150,000 and $450,000 of accumulated Earnings and profit from prior C corporation years, and Miley had a basis in her S corporation stock of $135,000. During 2022, Miley's corporation reported \$0 taxable income or loss. Also, during 2022 the corporation made distributions to Miley of $80,000 and $60,000. How are these distributions taxed to Miley assuming the following? Note: Leave no answer blank. Enter zero if applicable. Enter N/A if not applicable. Both distributions are in cash. The first was paid on June 15, 2022, and the second was paid on September 30, 2022