Question: Can you help me with the problem? 9 Required information The following information applies to the questions displayed below This year Bobcat Company reports current

Can you help me with the problem? 9 Required information The followingCan you help me with the problem?

9 Required information The following information applies to the questions displayed below This year Bobcat Company reports current E&P of negative $300,000 that accrued evenly throughout the year. At the beginning of the year, Bobcat's accumulated E&P was $200,000. Bobcat distributed $200,000 to its sole shareholder, Melanie Rushmore, on June 30 of this year. Melanie's tax basis in her Bobcat stock was $75,000. (Leave no answer blank. Enter zero if applicable. Negative amounts should be indicated by a minus sign.) Part 2 of 3 0/0.38 points awarded Scored b. What is Melanie's tax basis in her Bobcat stock after the distribution? Tax basis $ 25,000 s 25,000

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