$51.(5$ points$)$ Joe contributed $$7,000$ of cash to JS Inc., a newly created S corporation for federal income tax purposes, and made a loan of $$2,000$ to JS Inc. During Year $1,$ JS Inc. generated ordinary income of $$8,200$ and tax exempt income of $$2,000.$ Cash of $$17,300$ was distributed immediately prior to the end of Year $1.$ Joe is a single shareholder. No repayment was made to the loan and no interest was accrued to the loan.

a$.$ State types and amounts of basis that Joe has in JS Inc. upon contribution

b$.$ Compute AAA and OAA and explain the relationship between AAA$/$OAA and basis.

c$.$ State types and amounts of basis that Joe has in JS Inc. at year$-$end and potential tax consequence$($s$).$

d$.$ Sate types and amounts of basis that Joe has in JS Inc. at year$-$end to the extent that loss of $$17,300$ was generated. For this question, assume all the facts remain the same except for the fact that no cash distribution was made.

e$.$ Assume that the facts under Question $51$d still applied. During Year $2,$ ordinary income of $$2,100$ was generated and no distribution was made. State types and amounts of basis at the end of Year $2.$