Note: Please show detailed calculations and explanations. Answers without showing calculations/explanations, will not recelve credit. Austin Company reports positive current E\&P of $200,000 and a deficit in accumulated E\&P of ($300,000). Austin distributed $250,000 to its sole shareholder, Betsy Bevo, on December 31,203. Betsy's tax basis in her stock is $125,000. a) How much of the $250,000 distribution is treated as a dividend to Betsy b) What is her tax basis in Austin stock after the distribution