If an S corporation with accumulated E&P makes a distribution, from what accounts (and in what order)

Question:

If an S with accumulated E&P makes a from what accounts (and in what order) is the deemed to be paid from?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...