On 1/1/X0 X Co. had accumulated E & P totaling $20,000. During 20xo, X Co. made the following distributions to its shareholders: A - $30,000 $15,000. Assume X Co. had current E & P from operations in 20X0 totaling $10,000. A should characterize the distribution as follows: 1.$10,000 dividend, $12,000 return of capital, $8,000 capital gain 2.None of these. O3.$26,000 dividend, $4,000 return of capital 4.$30,000 dividend On 1/1/X0 X Co. had accumulated E & P totaling $20,000. During 20xo, X Co. made the following distributions to its shareholders: A - $30,000 $15,000. Assume X Co. had current E & P from operations in 20X0 totaling $10,000. A should characterize the distribution as follows: 1.$10,000 dividend, $12,000 return of capital, $8,000 capital gain 2.None of these. O3.$26,000 dividend, $4,000 return of capital 4.$30,000 dividend