2020 Corporate Tax Rules - Please show all work

Nick is the 100% owner of Go Travel, Inc. a calendar year S corporation. Nick has a $500,000 stock basis as of January 1, 2019. During 2019, Go Travel had a taxable income of $100,000. At the end of 2019, Go Travel distributes equipment FMV $400,000, basis $300,000 to Nick.

7A a. What is the taxable income for Nick for 2019? _________________

b. What is his stock basis at the end of 2019? __________________

c. What is his basis in the equipment at the end of 2019? _______________

7B. Which of the following events would not terminate the S election?

a. Nick sells some of his stock to Dome Partnership.

b. Nick sells some of his stock to a non-resident alien.

c. Go Travel, Inc. sells newly authorized preferred shares (i.e., preferred as to dividends) to Brian, a U.S. citizen.

d. Nick consents to have the S election voluntarily revoked.

e. Go Travel, Inc. sells newly authorized Class B non-voting common shares to Larry, a U.S. citizen.