! Required information (The following information applies to the questions displayed below.) This year Bobcat Company reports a deficit in current E&P of ($300,000) that accrued evenly throughout the year. At the beginning of the year, Bobcats accumulated E&P was $200,000. Bobcat distributed $200,000 to its sole shareholder, Melanie Rushmore, on June 30 of this year. Melanie's tax basis in her Bobcat stock was $75,000. (Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.) a. How much of the $200,000 distribution is treated as a dividend to Melanie? Dividend 50,000 b. What is Melanie's tax basis in her Bobcat stock after the distribution? Tax basis $ 75,000 c. What is Bobcat's balance in accumulated E&P on the first day of next year? Balance in accumulated E & P at the beginning of next year