This year, Sooner Company reports current E&P of negative $488,000. Its accumulated E&P at the beginning of the year was $304,000. Sooner distributed $608,000 to its sole shareholder, Boomer Wells, on June 30 of this year. Boomers tax basis in his Sooner stock is $100,500. (Leave no answer blank. Enter zero if applicable. Negative amounts should be indicated by a minus sign.)

How much of the $608,000 distribution is treated as a dividend to Boomer?