Accounting Rocky Corporation, an S corporation, reports the following results for the current year: 

Ordinary income = $90,000 

Ordinary expenses = $25,000 

Short-term capital loss= $2,000 

Domestic C corporation dividends= $6,000 

Rocky's AAA and AEP balances at the beginning of the year are $90,000 and $10,000, respectively. 

Rocky made a $140,000 cash distribution to its sole shareholder, Melinda, on June 1. Melinda's basis in her Rocky Corporation stock on January 1 was $120,000. Calculate the following items: 

Rocky's AAA balance at the end of the year is ?

Rocky's AEP balance at the end of the year is? 

Melinda's basis in her Rocky Corporation stock at the end of the year is? 

The amount of Melinda's distribution that will be taxed as capital gains income is ? the amount that will be taxed as a dividend is ? and the amount that is tax-free is?