Exercise 2 Cougar, Inc., is a calendar year S corporation. Cougar's Form 1120S shows nonseparately stated ordinary income of $80,000 for the year. Johnny owns 40% of the Cougar stock throughout the year. The following information is obtained from Cougar's corporate records. a. Compute Cougar's book income or loss. b. Compute Johnny's ending stock basis. c. Calculate Cougar's ending AAA balance