For each item, enter the appropriate amount in the associated cell. If the amount is zero, enter a zero (0). Situation 1. Samantha's basis in S corporation stock was $100,000 before adjusting for current-year activity that includes $10,000 tax-exempt interest income, $20,000 nonseparately stated income, and $15,000 excess of depletion deduction over the basis of the property being depleted. What is Samantha's basis in her S corporation stock after considering these items? 2. In Year 1, Lisa acquired 100% of the stock of Dance, Inc., for $25,000 cash. Dance incurred a loss of $7,800 for Year 1. On January 1, Year 2, Dance properly elected S corporation status. Its net income for Year 2 was $10,000. A distribution of $2,500 was paid in Year 2. What is Lisa's basis in Dance as of December 31, Year 2? 3. Broken Spoons, Inc., was organized in January Year 1 as a properly elected S corporation. The corporation's stock is entirely owned by Hal, who contributed $40,000 to start the business. For Year 1, the corporati