Follow this link to access the Internal Revenue Code on Bloomberg Tax - herps://irc.bloombergtax.comlpublic/uscodetoc/irc Your client, Ted Mosby, received a cash distribution from Lex Design Corporation of $50,000 in 2015. Before the distribution, his stock basis in the corporation was $80,000. The business said that the distribution should be treated as a return of capital, so Ted reduced his stock basis by the amount of the distribution, resulting in stock basis of $30,000. He later determined that the distribution should have been a qualified dividend, so his stock basis should not have been reduced. In 2022, Ted sold his stock in Lex Design Corporation for $300,000 and would like to use his original basis to reduce his gain since it was incorrectly reduced. Locate Internal Revenue Code Subtitle A, Chapter 1, Subchapter Q, Part II and write a memo to your file analyzing the topic at hand and forming a conclusion on the topic. Don't forget to properly cite the specific sections of the code you use for your research. Use the following memo template to format your memo