Now assume that Y's basis in its X stock is $100 and A's basis in his X stock is $40. On January 2 of the current taxable year, X distributes $100 in cash to Y and $100 in cash to A. As of the end of the preceding taxable year, X's accumulated E&P was zero. What are the tax consequences of this distribution to X, Y, and A? (Hint: First compute X's current-year taxable income and then compute current-year E&P before reducing the E&P for the distribution ("interim E&P"); after reducing for the distribution, compute final accumulated E&P.)