[ANSWERED] The Bruin Corporation, a C corporation, is owned 100% by John Bean and had taxable income in 2019 of

The Bruin Corporation, a C corporation, is owned 100% by
John Bean and had taxable income in 2019 of $500,000. John is also an employee
of the corporation. In December 2019, the corporation has decided to distribute
$400,000 to John and has asked you whether it would be better ro distribute the
money as a dividend or salary. John, a single taxpayer, is in the 37% marginal
tax bracket. How would you respond to Bruin Corporation? Consider only income
taxes for this problem.