Question: Exercise 15-3 (Algorithmic) (L.0. 5, 6) Holbrook, a calendar year 5 corporation, distributes $154,600 cash to its only shareholder, Cody, on December 31 . Cody's
Exercise 15-3 (Algorithmic) (L.0. 5, 6) Holbrook, a calendar year 5 corporation, distributes $154,600 cash to its only shareholder, Cody, on December 31 . Cody's basis in his stock is $185,520, Holbrook's AAA balance is $69,570, and Holbrook has $23,190 AEP before the distribution. According to the distribution ordering rules, complete the chart below to indicate how much of the $154,600 is from AAA and AEP as well as how Cody's stock basis is affected. If an amount is zero, enter " 0
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