At the beginning of the year, Teal Corporation had accumulated E & P of $225,000. On March 30, Teal sold an asset at a loss of $225,000. For the calendar year, Teal incurred a deficit in current E & P of $305,000, which includes the $225,000 loss on the sale of the asset. If Teal made a distribution of $50,000 to its sole shareholder on April 1, how will the shareholder be taxed?