Shiner Corporation reported current E&P for 2020 of $600,000. During the year, the company made a distribution of land to its sole shareholder, Ted Dull. The land's fair market value was $175,000 and its tax and E&P basis to Shiner was $150,000. Ted assumed a mortgage attached to the land of S25,000. a. What amount of dividend income does Ted report because of the distribution? b. What is Ted's income tax basis in the land received from Shiner? c. What is the balance of earnings and profit after distribution