White Corporation is a calendar-year taxpayer. Wilhelmina owns all of White's stock. Her basis in the stock is $25,000. On March 1 of the current year, White Corporation distributes $40,000 to Wilhelmina. Determine the tax consequences of the distribution to Wilhelmina in each of the following independent situations: Required. Using the chart below, please specify the tax consequences of the distribution to Wilhelmina in each of the following independent situations