Hazel is the sole shareholder of Maple Corporation. In 2020 Maple operated as a C Corporation...

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Hazel is the sole shareholder of Maple Corporation. In 2020 Maple operated as a C Corporation and reported $15,000 of taxable earnings and profits. On January 1, 2021, Maple elected S Corporation status. During 2021 Maple reported $12,000 of ordinary business income and no separately stated items. It also distributed $25,000 to Hazel. Compute the following for Hazel: The non-taxable portion of Hazel's distribution Hazel's taxable dividend income Hazel's taxable capital gain Hazel's stock basis at the end of 2021 (after accounting for the distribution) if her basis at the beginning of the year was $5,000? Hazel is the sole shareholder of Maple Corporation. In 2020 Maple operated as a C Corporation and reported $15,000 of taxable earnings and profits. On January 1, 2021, Maple elected S Corporation status. During 2021 Maple reported $12,000 of ordinary business income and no separately stated items. It also distributed $25,000 to Hazel. Compute the following for Hazel: The non-taxable portion of Hazel's distribution Hazel's taxable dividend income Hazel's taxable capital gain Hazel's stock basis at the end of 2021 (after accounting for the distribution) if her basis at the beginning of the year was $5,000?