Amazing Co., a calendar year S corporation, holds AAA of $47,000 at the beginning of the year. Tucker Tate is a 40% owner of Amazing Co. and had a beginning stock basis of $70,000. The activity for the year is shown in the worksheet below.

Indicate the dollar amount each of the following items has on (1) the AAA and (2) the stock basis of Tucker Tate. Please follow these instructions very carefully:

1. If the item increases AAA or basis, show the dollar amount of increase as a positive number with no commas.

2. If the item decreases AAA or basis, show the dollar amount of decrease as a negative number with no commas. Use parantheses ( )  for negative, NOT negative/minus sign.

3. If the item has no effect on AAA or basis, type in the numeral 0 (zero), not the word none or the word zero and not the letter O.

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Description Beginning Balance - see above Ordinary Income for Amazing Co for the year Loss from real estate operations Tax exempt Interest Income Interest expense on loan for tax- exempt interest Taxable dividends Long-term capital loss Cash distributions to Tucker Cash distributions to other shareholders Ending Balance See above 140000 7000 22000 5000 15000 10000 65000 112000 Compute Amazing Co AAA Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Tucker Tate's Stock Basis Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Amount increase of For Blank 11 (decrease) Amount increase or (decrease) Amount increase or Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Description Beginning Balance - see above Ordinary Income for Amazing Co for the year Loss from real estate operations Tax exempt Interest Income Interest expense on loan for tax- exempt interest Taxable dividends Long-term capital loss Cash distributions to Tucker Cash distributions to other shareholders Ending Balance See above 140000 7000 22000 5000 15000 10000 65000 112000 Compute Amazing Co AAA Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Tucker Tate's Stock Basis Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease) Amount increase of For Blank 11 (decrease) Amount increase or (decrease) Amount increase or Amount increase or (decrease) Amount increase or (decrease) Amount increase or (decrease)