24. Vanessa is the sole shareholder of V Corporation. V Corporation was formerly a C Corporation but is currently and S Corporation. At the end of 2019, before considering distributions, V corporation's accumulated adjustments account (AAA) balance was $15,000 and its accumulated earnings and profits from its years as C Corporation was $10,000. On July 1, V Corporation distributed $30,000 to Vanessa.

A) Wat is the amount and character of income Vanessa must recognize on the distribution if her stock basis before considering the distribution was $60,000?

b) What is Vanessa's stock basis after accounting for the distribution.