Question: Exercise 22-16 (Algorithmic) (LO. 7) Holbrook, a calendar year S corporation, distributes $121,000 cash to its only shareholder, Cody, on December 31, Cody's basis in

Exercise 22-16 (Algorithmic) (LO. 7) Holbrook, a calendar year S corporation, distributes $121,000 cash to its only shareholder, Cody, on December 31, Cody's basis in his stock is $145,200, Holbrook's AAA balance is $54,450, and Holbrook has $18,150 AEP before the distribution. According to the distribution ordering rules, complete the chart below to indicate how much of the $121,000 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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