12. LO.8 For each of the following independent statements, indicate whether the trans- action will increase (+), decrease (-), or have no effect (N) on the basis of a shareholder's stock in an S corporation. a. Expenses related to tax-exempt income. b. Short-term capital gain. c. Nonseparately computed loss. d. Section 1231 gain. e. Depletion not in excess of basis. f. Separately computed income. g. Nontaxable return-of-capital distribution by the corporation h. Advertising expenses. i. Business gifts in excess of $25. i Depreciation recapture income. k Dividend income received by the corporation. 1. LIFO recapture tax paid. m. Collection of a bad debt previously deducted. n. Long-term capital loss. o. Cash distribution to shareholder out of AAA