During the year of $2024,$ Leona Corporation, an S Corporation, incurs an Operating Loss of $$64,000$ and a Section$1231$ Gain of $$32,000.$ Leona, the sole $($one hundred percent $(100\%))$ shareholder of Leona Corporation, has at the beginning of the year of $2024$ a $$16,000$ basis in her stock and Leona Corporation has a $$24,000$ balance in its Accumulated Adjustments Account $($AAA$)$ at the beginning of the year of $2024.$ Leona may deduct on her personal Federal Income Tax Return $($Form $1040)$ for the activities of Leona Corporation for the year of $2024$: