Just the last part

Brent, Matt, Chris, Brad, and Anwer are five unrelated shareholders who each owns 20 of the 100 outstanding shares of Aggie Corporation. On June 30 of this year, Aggie distributed $100,000 in cash to the shareholders. On September 30 of this year, Aggie redeemed all Anwer's shares for $80,000. Aggie had $45,000 of accumulated E\&P at the beginning of the year and reported $120,000 of current E\&P at year-end. What is Aggie's accumulated E\&P at the beginning of next year? Consult Revenue Rule 74-338. (Hint: Determine the tax status of the redemption and then calculate the effect of the June distribution on current E\&P.) Note: Negative amount should be indicated with a minus sign