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Can I get help please TB MC Qu. 22-88 (Static) At the beginning of the year, Clampett, Incorporated, had... At the beginning of the year,

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TB MC Qu. 22-88 (Static) At the beginning of the year, Clampett, Incorporated, had... At the beginning of the year, Clampert, incorporated, had $100.000 in its AAA and $60.000 of earnings and profits from prior C corporation years, During the year, Clampert, facorporated, eamed $50,000 of ordinery income and paid $200,000 in distributions to its shareholders. Assume that J0. owns 25 percent of Ciampett, incorporated, his basis in Clampert incouporated, at the beginning of the yoar is $10,000, and his share of the distribution was $50,000. How much, if any, of the distribution is taknble as a capital gain? MAple Choice 50 315,000 $27,500 340,000 None of the choices are cornct

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