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Ewing, Inc, an S corporation, holds a AAA balance of $695,100. During the year, the following items occur. Operating income $472,000 Interest income $6,500 Dividend
Ewing, Inc, an S corporation, holds a AAA balance of $695,100. During the year, the following items occur.
Operating income $472,000
Interest income $6,500
Dividend income $14,050
Municipal bond interest income $6,000
Long-term capital loss from sale of investment land $7,400
Charitable contributions $19.000
Cash distributions to shareholders from AAA $57,000
Ewing's ending AAA balance is :
A- $1,104.250
B- $1.110.250
C- $1.123.250
D- $1180250
I want to be sure which is correct option A or C ?
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