Please complete the following question

Austin Company reports positive current E&P of $295,000 and negative accumulated E&P of $490,000. Austin distributed $364,000 to its sole shareholder, Betsy Bevo, on December 31, 20X3. Betsy' tax basis in her stock is $182,000. How much of the $364,000 distribution is treated as a dividend to Betsy and what is her tax basis in Austin stock after the distribution? Essay Toolbar navigation BIUS E E A A