Hogwarts Corporation is 100% owned by Harry Potter. Both have the following summarized details:

• Harry's basis in her Hogwarts Corp Stock: $45,000
• Hogwart Corp's current E&P without regard to any distributions: $150,000
• Hogwart Corp's accumulated E&P at the beginning of the year: $0

Hogwart Corporation distributes an asset with $300,000 FMV and $180,000 basis to Harry.

How much gain (loss) does Hogwart Corporation recognize on the distribution? [A]

What is the ending balance of Hogwart Corporation's Current E&P after the distribution? [B]

How much of the distribution does Harry recognize as dividend income? [C]

How much of the distribution does Harry recognize as a return of capital? [D]

How much of the distribution does Harry recognize as sale/exchange gain? [E]

What is Harry's stock basis after the distribution? [F]