At the end of the year, before distributions, Blue Corporation (an S corporation) has an accumulated adjustments account (AAA) balance of $50,000 and accumulated E&P of $30,000 from a previous year as a C corporation. During the year, Blue Corporation distributed $100,000 to its shareholders. Joshua, a 10% shareholder, received a $10,000 distribution and has a $10,000 outside basis before the distribution. What is the amount of Joshua's income or loss recognized, if any, and his stock basis after the distribution?