$2024$ update calculations: Please consider the following, and answer the associated questions.

Anchor Inc. is an S Corporation wholly owned by Ron Burgundy. At the beginning of the year, Ron's tax basis in his Anchor stock was $$90,000.$ The S Corporation reported net ordinary income this year of $$60,000.$ During the year, it distributed Code Sec. $1231$ property with a tax basis of $$188,000$ and a fair market value of $$225,000$ to Ron.

$1.$ How will the distribution affect both Ron and Anchor Inc. for tax purposes?

$2.$ What will be Ron's tax basis in the property received in the distribution?

$3.$ What will be Ron's remaining tax basis in his Anchor shares?