Required information Problem 7-34 (LO 7-2) [The following information applies to the questions displayed below.) Part 1 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 a Print a. How much of the $400,000 distribution is treated as a dividend to Christine? Dividend