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3. Taco Inc. (calendar year S Corporation) has BOY balance in AAA of $98,000 and the following information. I Cost of Goods Sold $100,000 Distribution

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3. Taco Inc. (calendar year S Corporation) has BOY balance in AAA of $98,000 and the following information. I Cost of Goods Sold $100,000 Distribution to Tom $75,000 Charity $30,000 Sales $250,000 Dividend Income $10,000 Tax Exempt Income $6,000 Tom is a 20% shareholder in Taco Inc. In December of this year he loaned Taco $125,000 because it was short of cash. His BOY stock basis was $100,000. a. What is Taco Inc.'s ending AAA balance b. What is Tom's ending stock basis

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