Wheelbarrows, Inc. distributes $20,000 to John Bellows, a shareholder with a basis of $5,000 in his stock, at a time when it has an accumulated deficit of $9,000 and current E&P of $7,000.

(a.) How much gross income does John have?

(b.) What is the amount of the dividend?

(c.) What is John's basis in his stock after the distribution?

(d.) What is Wheelbarrow's accumulated and current E&P after the distribution?