Yaupon Corp. reports current E&P of [negative] ($60,000) and…

Yaupon Corp. reports current E&P of [negative] ($60,000) and accumulated E&P of $110,000. On February 1, Yaupon distributed $20,000 to shareholder Bonnie. Then, on December 1, Yaupon distributed $70,000 to shareholder Danielle. Bonnie’s stock basis is $30,000, and Danielle’s stock basis is $10,000.   [question 2 of 2] How much of Danielle’s distribution is classified as a dividend?