please explain why option D is wrong(The correct answer is C)

11. Beaver Company reports current E&P of $100,000 in 20X3 and accumulated E&P at the beginning of the year of $100,000. Beaver distributed $200,000 to Jade (stock basis $100,000) on July 1 and $200,000 to Sloan on October 1. How is Jade taxed on the distribution? A) $200,000 dividend B) S0 dividend, $200,000 tax-free recovery of capital, and $0 capital gain C) $150,000 dividend, $50,000 tax-free recovery of capital D) $50,000 dividend, $100,000 tax-free recovery of capital, and $50,000 capital gain