CoursHeroTranscribedText: Exercise 12-16 (Algorithmic) (LO. 6) Holbrook, a calendar year S corporation, distributes $24,400 cash to its only shareholder, Cody, on December 31. Cody's basis in his stock is $29,280, Holbrook's AAA balance is $10,980, and Holbrook has $3,660 AEP before the distribution. According to the distribution ordering rules, complete the chart below to indicate how much of the $24,400 is from AAA and AEP as well as how Cody's stock basis is affected. If an amount is zero, enter "0". Distribution from Effect on Basis in Stock Account Stock Basis Beginning stock basis $29,280 From AAA account 10,980 $ -10,980 -10,980 From AEP account 0 $ 3,660 0 From Cody's stock basis tA Ending stock basis