Rodney owns 100% of the stock of three points corp. three points has $100000 of E&P. Distributions were made as follows: 1. Land with FMW of $5000 and cost basis of $1000 2. Same as 1 above except the land was subject to a mortgage of $3000. 3. Equipment with a FMW of $3000 and a basis of $6000. For cash distribution calculate the following:

A. The dollar effect of the distribution on the shareholders taxable income.

B. The shareholders basis for the property received.

C. The dollar effect of the distribution on the three point corp's taxable income

D. What is the dollar amount of the three point corp's E&P after the distribution?