This year Bobcat Company reports current E&P of negative $300,000 that accrued evenly throughout the year. At the beginning of the year, Bobcats accumulated E&P was $200,000. Bobcat distributed $200,000 to its sole shareholder, Melanie Rushmore, on June 30 of this year. Melanies tax basis in her Bobcat stock was $75,000.

Prepare a draft of Bobcat's Form 5452 for this year. Assume that the June 30 distribution was Bobcat's first and only distribution