Poplar Corp. reports current E\&P of $80,000 and accumulated E\&P of $5,000. On April 1, Poplar distributed $30,000 to shareholder Colin. Then, on November 1, Poplar distributed $70,000 to shareholder Earl. Colin's stock basis is $20,000, and Earl's stock basis is $10,000. [question 1 of 2] What is Colin's remaining stock basis after the distribution on April 1? $0 $19,000 $15,500 $20,000 Question 16 2.3pts Poplar Corp. reports current E\&P of $80,000 and accumulated E\&P of $5,000. On April 1, Poplar distributed $30,000 to shareholder Colin. Then, on November 1 , Poplar distributed $70,000 to shareholder Earl. Colin's stock basis is $20,000, and Earl's stock basis is $10,000. [question 2 of 2] How much capital gain does Earl recognize from the distribution on November 1? $5,000 $60,000 $0 $4,000