1. Ciabatta Corporation made a cash distribution on December 31 of $90,000 each to Giselle (owns 50%) and French Corp (owns 50%). Giselle's stock basis in Ciabatta is $50,000 and French Corp's stock basis in Ciabatta is $15,000. What is the tax consequence to both Giselle and French Corp on the distribution in each independent scenario? a. Ciabatta has positive CEP of $66,000 and positive AEP of $36,000 b. Ciabatta has negative CEP of $10,000 and positive AEP of $96,000 C. Ciabatta has positive CEP of $44,000 and negative AEP of $10,000 buric