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Bruin Company reports current E&P of negative $100,000 in 2021 and accumulated E&P at the...

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Bruin Company reports current E&P of negative $100,000 in 2021 and accumulated E&P at the beginning of the year of $100,000 Bruin distributed $75,000 to its sole shareholder on July 1, 2021. The shareholder's basis in Bruin is $50,000. How is the distribution treated by the shareholder in 2021? O $50,000 dividend: $25,000 return of capital $75.000 dividend $50,000 dividend: 525,000 return of capital: 525,000 capital gain $50.000 return of capital; $25,000 capital gain

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