50. LO.6, 8, 9 Drop, Inc., a calendar years corporation, distributes $16,000 cash to its only shareholder, Luetta, on December 31. Luetta's basis in her stock is $20,000. Drop's AAA balance is $9,000, and Drop holds $3,000 of AEP and $1,000 $1,000 of OAA before the distribution. Complete the following chart using spreadsheet software such as Microsoft Excel. Distribution from Account Effect on Stock Basis Balance after Distribution From AAA account From AEP account From OAA account From Luetta's stock basis 50. LO.6, 8, 9 Drop, Inc., a calendar years corporation, distributes $16,000 cash to its only shareholder, Luetta, on December 31. Luetta's basis in her stock is $20,000. Drop's AAA balance is $9,000, and Drop holds $3,000 of AEP and $1,000 $1,000 of OAA before the distribution. Complete the following chart using spreadsheet software such as Microsoft Excel. Distribution from Account Effect on Stock Basis Balance after Distribution From AAA account From AEP account From OAA account From Luetta's stock basis