Chapter Seventeen Homework i Saved Part 1 of 3 Required information (The following information applies to the questions displayed below) Maple Corp a calendar-year corporation was formed three years ago by its sole shareholder, Brady, who immediately elected S corporation status. On December 31 of the current year, Maple distributed $38,500 cash to Brady. 166 What is the amount and character of gain Brady must recognize on the distribution in each of the following alternative scenarios? (Leave no answer blonk. Enter zero if applicable) a. At the time of the distribution, Brady's basis in his Maple Corp. stock was $45.200. Amount Gain Character