Required information Problem 07-40 (LO 07-2) (Algo) [The following information applies to the questions displayed below.] Lone Star Company is a calendar-year corporation, and this year Lone Star reported $118,000 in current E\&P that accrued evenly throughout the year. At the beginning of the year, Lone Star's accumulated E\&P was $15,240. At the beginning of the year, Lone Star's sole shareholder was Matt. Lone Star declared $34,320 in cash distributions on each of the following dates: March 31, June 30, September 30, and December 31. Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign. Problem 07-40 Part a (Algo) a. How much of the $137,280 in total distributions will be treated as dividends