Purple corp has accumulated E & p of $ 100,000 on January 1st 2014. In 2014 Purple has current E & P OF $ 130,000 before any distributions. On Dec 31st 2014 the corporate distribution $250,000 to its sole shareholder cindy, an individual. Purples corp E&P as of January 1st 2015 is

a) $0

b) ($20,000)

c) 100,000

d) 130,000

e) none of the above