Arthur Corporation, an S corporation, reports the following results for the current year Arthur's AAA and accumulated ESP balances at the beginning of the year are $80,000 and $50,000, respectively. Arthur makes a $210,000 cash destribution to its sole shareholder on June 1 . The shareholders basis for Arthur stock on January 1 was $120,000 Discuss the tax consequences of these transactions What is the remaining balance in the MAAand Accumulated ESP accounts at year end (after the distrbution? A) AMA $160,000; ACC ESP $50,000 B) RAV $0, Acc ESP $50,000 C) AAA SO, ACC: ESP: SO D) AAA $0,ACC ESP $10,000