How much in total distributions will be treated as dividends, Accounting Basics

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How much in total distributions will be treated as dividends

Problem

Lone Star Company is a calendar-year corporation, and this year Lone Star reported $175,000 in current E&P that accrued evenly throughout the year. At the beginning of the year, Lone Star's accumulated E&P was $21,000. At the beginning of the year, Lone Star's sole shareholder was Matt. Lone Star declared $52,500 in cash distributions on each of the following dates: March 31, June 30, September 30, and December 31.

How much of the $210,000 in total distributions will be treated as dividends?

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