First Co. had a deficit in E\&P of \(\$ 90,000\) on December 31 last year. Its taxable income was \(\$ 180,000\) for this year. Cash dividends on common stock totaling \(\$ 80,000\) were paid in December this year. Modern should report the distribution to its shareholders as:

a. Return of capital 100 percent

b. Dividends \(80 / 90\), return of capital \(10 / 90\)

c. Dividends 50 percent, return of capital 50 percent

d. Dividend