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Holbrook, a calendar year S corporation, distributes $175,600 cash to its only shareholder, Cody, on December 31. Cody's basis in his stock is $210,720, Holbrook's

Holbrook, a calendar year S corporation, distributes $175,600 cash to its only shareholder, Cody, on December 31. Cody's basis in his stock is $210,720, Holbrook's AAA balance is $79,020, and Holbrook has $26,340 AEP before the distribution. According to the distribution ordering rules, complete the chart below to indicate how much of the $175,600 is from AAA and AEP as well as how Cody's stock basis is affected.

If an amount is zero, enter "0".

Basis in Stock Distribution from Account Effect on Stock Basis
Beginning stock basis

$210,720

From AAA account $fill in the blank 1 $fill in the blank 2 $fill in the blank 3
From AEP account $fill in the blank 4 $fill in the blank 5 $fill in the blank 6
From Cody's stock basis $fill in the blank 7 $fill in the blank 8 $fill in the blank 9
Ending stock basis $fill in the blank 10

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