CSU, Inc., is a calendar year S corporation. CSU's Form 1120S shows nonseparately stated ordinary income of $120,000 for the year. Taewon owns 30% of the CSU stock throughout the year. The following information is obtained from the corporate records. Tax-exempt interest income $ 4,500 Salary paid to Taewon (78,000) Charitable contributions (9,000) Dividends received from a non-U.S. corporation 7,500 Short-term capital loss (9,000) Depreciation recapture income 16,500 Refund of prior state income taxes 7,500 Cost of goods sold ($108,000) Long-term capital loss (10,500) Administrative expenses (27,000) Long-term capital gain 21,000 Selling expenses (16,500) Taewon's beginning stock basis 48,000 Taewon's additional stock purchases 13,500 Beginning AAA 46,500 Taewon's loan to corporation 30,000