Wholardo, an S corporation, has accumulated E&P of $20,000 from its former C Corporation days and a balance of $60,000 in its AAA account. Wholardo distributes $70,000 to its shareholders. The shareholders treat the distribution as--- Question 31 options: $70,000 non-taxable return of capital $70,000 of taxable income $10,000 dividend and a $60,000 non-taxable return of capital money from heaven