Sam, Dean, Bobby and Cassare the shareholders of a C-corporation named Winchester4'Ever, Inc.

Throughoutthe current tax year (payment dates provided below), Winchester distributed $70,000 cash to its shareholders (25% to each shareholder):

1. February 1 - $15,000
2. May 31 - $15,000
3. November 30 - $20,000
4. December 31 - $20,000

The beginning stock basis for each shareholder was as follows:

1. Sam - $11,000
2. Dean - $3,000
3. Bobby - $35,000
4. Cass - $0

Assume Winchester's current E&P was a negative ($45,000) and its accumulated E&P at the beginning of the year was a positive $35,000.How much of the total $75,000 distribution will be reported as a dividend distribution to the shareholders?