R Corporation has a negative current earnings and profits for tax year 20X7 of $15,000.

Accumulated earnings and profits as of the beginning of 20X7 equal $10,000.

On June 1, 20X7, R Corporation distributes $6,000 cash to its sole

shareholder Y, whose basis in the stock is $2,000.

What is the amount of dividend income that Y must report for the year (if zero, write zero as the answer)?

Do any allocations on a per-month basis instead of a per-day basis.