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incurred the following items during the year (2019): a. Sales $289,000 b. Depreciation recapture income $8,000 c. Short-term capital gain $4,000 d. Charitable contributions ($2,400)

incurred the following items during the year (2019):

a. Sales $289,000

b. Depreciation recapture income $8,000

c. Short-term capital gain $4,000

d. Charitable contributions ($2,400)

e. Cost of goods sold ($85,000)

f. Salary expense ($80,000)

g. Rent expense ($12,000)

h. Long-term capital loss ($5,000)

i. Sec. 1231 gain $2,000

j. Administrative expenses ($25,000)

k. Depreciation expense ($7,500)

In addition, the following facts are also relevant:

i. Goose Inc. had $7,500 of accumulated earnings and profits (AEP) from its prior existence as a C-corp.

ii. Goose Inc. had a beginning accumulated adjustments account (AAA) balance of $8,000

iii. Eliza's basis in Goose Inc. at the beginning of the year is $50,000

iv. Eliza made a capital contribution to Goose Inc. on 3/30/19 of $15,000

v. Goose Inc. distributed $100,000 to Eliza on December 29, 2019

vi. Goose Inc. had a beginning other adjustments account (OAA) balance of $0

Based on the foregoing:

1. Calculate Goose Inc.'s non-separately stated income (NSI) and separately stated income (SI) for 2019

2. Characterize the $100,000 distribution to Eliza

3. Calculate Goose Inc.'s ending AAA and ending AEP balances

4. Calculate Eliza's ending stock basis

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