The Small Corp reports current year E&P of $100,000. They have Accumulated E&P of $100,000. They distributed $350,000 to the sole shareholder Jim. Jim's tax basis in his Small Corp stock was $10,000 prior to the distribution. Jim will report Blank 1 as a dividend. Jim will report Blank 2 as capital gain Jim will have a basis of Blank 3 in his stock after the distribution Small corp will have an accumulated E&P of Blank 4 at the start of next year.