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Amazing Co . , a calendar year S corporation, holds AAA of $ 4 7 , 0 0 0 at the beginning of the year.

Amazing Co., a calendar year S corporation, holds AAA of $47,000 at the beginning of the year. Tucker Tate is a 40% owner of Amazing Co. and had a beginning stock basis of $70,000. The activity for the year is shown in the worksheet below.
Indicate the dollar amount each of the following items has on (1) the AAA and (2) the stock basis of Tucker Tate. Please follow these instructions very carefully:
1. If the item increases AAA or basis, show the dollar amount of increase as a positive number with no commas.
2. If the item decreases AAA or basis, show the dollar amount of decrease as a negative number with no commas. Use parantheses () for negative, NOT negative/minus sign.
3. If the item has no effect on AAA or basis, type in the numeral 0(zero), not the word none or the word zero and not the letter O.
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