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Question 1 Saint Clair Company reports positive current E\&P of $500,000 in 203 and positive accumulated E\&P at the beginning of the year of $400,000. Saint Clair Company distributed $600,000 to its sole shareholder, Danielle Brush, on December 31,203. Danielle's tax basis in her Saint Clair stock is $120,000. a) How much of the $600,000 distribution is treated as a dividend to Danielle, and what is her adjusted tax basis in Saint Clair stock after the distribution?| b) What is Saint Clair's CE\&P and AE\&P account right after the distribution