Exercise 15-3 (Algorithmic) (LO. 5, 6) Holbrook, a calendar year s corporation, distributes $158,800 cash to its only shareholder, Cody, on December 31. Cody's basis in his stock is $190,560, Holbrook's AAA balance is $71,460, and Holbrook has $23,820 AEP before the distribution. According to the distribution ordering rules, complete the chart below to indicate how much of the $158,800 is from AAA and AEP as well as how Cody's stock basis is affected. If an amount is zero, enter "O". Effect on Distribution from Account Basis in Stock Stock Basis Beginning stock basis $190,560 From AAA account 71,460 $ -71,460 0 From AEP account 23,820 X $ 0 $ From Cody's stock basis 63,520 $ -63,520 55,580 x Ending stock basis 158,800 X Feedback