QUESTION 24 At the beginning of 2021, H Corporation had accumulated E&P of $300,000. During 2021, the corporation reported a deficit in current E&P of ($270.000). Hij distributed $240,000 to its shareholders, Barney and Ted, on April 30, 2021 ($160,000 to Barney and $80,000 to Ted). Barney's tax basis in his Hill stock is $75.000, and Ted's tax basis in his HU stock is 40.000. Required to Characterize the distribution to Barney and Ted (e. dividend, tax-free return of capital and/or capital gains. bi Determine Barney and Ted's stock basis after the distribution io What is the corporation's accumulated E&P balance at the beginning of 20227