Required information Problem 7-34 (LO 7-2) The following information applies to the questions displayed below.] Part 3 of 3 Jayhawk Company reports current E&P of $300,000 and a deficit in accumulated E&P of ($200,000). Jayhawk distributed $400,000 to its sole shareholder, Christine Rock, on the last day of the year. Christine's tax basis in her Jayhawk stock is $75,000. (Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.) points Problem 7-34 Part c Print c. What is Jayhawk's balance in accumulated E&P on the first day of next year? Balance in accumulated E & P at the beginning of next year