Required information Problem 18-37 (LO 18-2) (Algo) [The following information applies to the questions displayed below.] Jayhawk Company reports current E&P of $402,500 and a deficit in accumulated E&P at the beginning of the year of ($327,500). Jayhawk distributed $450,000 to its sole shareholder, Christine Rock, on the last day of the year. Christine's tax basis in her Jayhawk stock before the distribution is $36,000. (Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.) Problem 18-37 Part-a (Algo) a. How much of the $450,000 distribution is treated as a dividend to Christine? Dividend