This year, Sooner Company reports a deficit in current E\&P of ($368,000). Its accumulated E\&P at the beginning of the year was $224,000. Sooner distributed $448,000 to its sole shareholder, Boomer, on June 30 of this year. Boomer's tax basis in the Sooner stock before the distribution is $90,000. Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign. Problem 07-38 Part a (Algo) a. How much of the $448,000 distribution is treated as a dividend to Boomer? b. What is Boomer's tax basis in the Sooner stock after the distribution? c. What is Sooner's balance in accumulated E\&P on the first day of next year