Rust Corporation has accumulated E&P of $30,000 on January 1, 2015. In 2015, Rust Corporation had an operating loss of $40,000. It distributed cash of $20,000 to Andre, its sole shareholder, on December 31, 2015. Rust Corporations balance in its accumulated E&P account as of January 1, 2016, is

a. $30,000 deficit

b. $10,000 deficit

c. $0

d. $30,000 positive amount

e. None of the above