Problem 5-24 (Algorithmic) ( LO. 1,4) At the start of the current year, Blue Corporation (a calendar yeor taxpayer) has accumulated E \& P of $320,000. Blue's current E& P is $192,000, and at the end of the year, it distributes $640,000($320,000 each) to its equal shareholders, Pooja and Jon. Pooja's stock basis is $44,800; Jon's stock basis is $179,200. How is the distribution treated for tax purposes? If an amount is zero, enter " 0 ". Pooja has the following: Dlvidend income: \& Capital gain: $ Stock basis after distribution: 4 Jon has the following: Dividend income: ? Capital gain: $ Stock basis after distribution: 5