R received a distribution with respect to his stock during the past year (assume it doesnt qualify as a redemption). He should treat the amount received

A) First as a nontaxable return of capital to the extent of his basis, then as a capital gain, and then a taxable dividend distribution to the extent that any earnings and profits exist

B) First as a taxable dividend distribution to the extent that any earnings and profits exist and then a nontaxable return of capital to the extent of his basis and then as a capital gain

C) Fully taxable as ordinary income without regard to his basis or the corporations earnings and profits

D) None of the above