Starling Corporation has accumulated E & P of $$60,000$ on January $1,2019.$ In $2019,$ Starling Corporation had an operating loss of $$80,000.$ It distributed cash of $$40,000$ to Zoe, its sole shareholder, on December $31,2019.$ Starling Corporation$$s balance in its E & P account as of January $1,2020,$ is:

Question $14$ options:

a$)$

$$60,000$ deficit.

b$)$

$$20,000$ deficit.

c$)$

$$0.$

d$)$

$$60,000.$

e$)$

None of these.