16.5: Shadow Inc. is an S corporation with a prior history as a regular corporation. At the beginning of the year, the company had AAA of $230,000 and E&P of $170,000. Schedule K of the company's Form 1120S for the current year reported the following: Ordinary business income (loss) (118,000) (page 1, line 21) Interest income Net section 1231 gain (loss) Charitable contributions Tax-exempt interest income Nondeductible expenses Distributions to shareholders 12,600 68,750 (6,000) 5,200 (1,625) 24,000 t is the balance in the company's AA account at the beginning of next year? (Assume the company did not elec source distributions from E&P first). b. How would your answer change if the company had distributed $240,000 to its shareholders rather than $24,0007 company's ordinary business income (loss) had been (18,.000) rather than (118,000) and the company had distributed $240,000 to its shareholders