TB MC Qu$.18-43($Static$)$ Inca Company reports a deficit in current...

Inca Company reports a deficit in current E&P of $($$$100,000)$ in $20x3$ and accumulated E&P at the beginning of the year of $$200,000.$ Inca distributed

$$300,000$ to its sole shareholder on January $1,20$X$3.$ How much of the distribution is treated as a dividend in $20$X$3?$

Multiple Choice

$$0$

$$100,000$

$$200,000$

$$300,000$