Exercise 19-24 (Algorithmic) (L0.5) Global Corporation distributed property with an $702,500 fair market value and a $386,375 adjusted basis to one of its shareholders. The property was subject to a $212,506 mortgage, which the shareholder assumed. Global has ample E & P to cover any distribution made during the year What is the amount of the shareholder's dividend income on the distribution? What is the shareholder's basis in the property received