my last one

6.

(TCOs 1 and 9) Mulberry Corporation has an August 31 year-end. Mulberry had $50,000 in accumulated E & P at the beginning of its 2011 fiscal year (September 1, 2010) and during the year, it incurred a $75,000 operating loss. It also distributed $65,000 to its sole shareholder, Charles, on November 30, 2010. If Charles is a calendar year taxpayer, how should he treat the distribution when he files his 2010 income tax return (assuming the return is filed by April 15, 2011)? (Points : 5)