Required information [The following information applies to the questions displayed below.) Jayhawk Company reports current E&P of $350,000 and a deficit in accumulated E&P of ($230,000). Jayhawk distributed $490,000 to its sole shareholder, Christine Rock, on the last day of the year. Christine's tax basis in her Jayhawk stock is 8,250. (Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.) a. How much of the $490,000 distribution is treated as a dividend to Christine? Dividend b. What is Christine's tax basis in her Jayhawk stock after the distribution? Tax basis 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