Holbrook, a calendar year S corporation, distributes $129,400 cash to its only shareholder, Cody, an December 31 , Cody's bads in hifs stock is $155,280, Holbrook's AAA balance is $58,230, and Holbrook has $19,410 AEP. before the distribution, According to the distribution ordering rules, complete the chart below to indicate how much of the $129,400 is from AAA and AFP as well as how Cody's stock basis is affected. If an amount is zero, enter " 0 ". Faedoack Cheos Ny Work The amount of any distribution to an 5 corporation shareholder is equal to the cash plus the fair makket value of anr other propeity distributed. How the distribution is taxed depends upon whether the S corporation has C corporation accumulated eamings and crefit: (AEP)