Discussion Question 22-12 (LO. 8) For each of the following independent statements, select either "Increase", "Decrease" or "No Effect" to indicate whether the transaction will increase, decrease, or have no effect on the adjusted basis of a shareholder's stock in an S corporation. a. Expenses related to tax-exempt income b. Short-term capital gain C. d. Nonseparately computed loss Section 1231 gain e. Depletion not in excess of basis f. Separately computed income g. Nontaxable return-of-capital distribution by the corporation h. Advertising expenses i. Business gifts in excess of $25 j. Depreciation recapture income k. Dividend income received by the S corporation I. LIFO recapture tax paid m. n. O. Collection of a bad debt previously deducted Long-term capital loss Cash distribution to shareholder out of AAA Message Center 2 Nikon Update Information]Nikon Messa