4)Larry is a 100% owner of LKJ Corporation. LKJ has been an S corporation since its inception in 2018 During 2019, LKJ distributed $24,000 to Larry. During 2019, LKJ reported $8,000 of business income and no separately stated items. What is the amount and character of the gain on the distribution, if any, Larry must recognize in each of the following alternative scenarios? Also, what is Larry's stock basis at the end of 2019 in each of the following scenarios? a. Larry's stock basis at the beginning of 2019 was $40,000. b. Larry's stock basis at the beginning of 2019 was $6,000