A calendar-year S corporation has a balance in its AAA and accumulated E\&P of $3,000 and $20,000, respectively, at the beginning of 20X4. During 20X4, the corporation has tax-exempt income of $5,000 and ordinary income of $10,000. Also during 20X4, the corporation makes a $15,000 distribution to its shareholders. If a bypass election is properly made for 20X4, what is the corporation's balance in its AAA and accumulated E\&P at the beginning of 20X5? a. $13,000 and $5,000, respectively. b. $18,000 and $5,000, respectively. c. $0 and $18,000, respectively. d. $3,000 and $20,000, respectively