The following information applies to the questions displayed below) Aggie Corporation made a distribution of $572,000 to Rusty Cedar in partial liquidation of the company on December 31 of this year Rusty, an individual owns 100 shares (100 percent of Aggie Corporation The distribution was in exchange for 50 percent of Rusty's stock in the company. At the time of the distribution, the shares had a fair market value of $130 per share. Rusty's income tax basis in the shares was $30 per share. Aggie had total E&P of $8,055,000 at the time of the distribution 6. What are the amount and character (capital gain or dividend) of any income or gain recognized by Rusty as a result of the partial liquidation? Capital gain $ 30 per share b. Assuming Aggie made no other distributions to Rusty during the year by what amount does Aggle reduce its total E&P as a result the partial liquidation? Reduction in E&P