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TB MC Qu$.7-44($Static$)$ Wildcat Corporation reports a deficit in current...

Wildcat Corporation reports a deficit in current E&P of $($ $$200,000)$ in $203$ and accumulated E&P at the beginning of the year of $$100,000.$ Wildca distributed $$300,000$ to its sole shareholder on December $31,203.$ How much of the distribution is treated as a dividend in $20$X$3?$

Multiple Choice

$$ $$0$

$$100,000$

$$200,000$

$$300,000$