Mary owns stock in an 5 corporation and took a $30,000 distribution in the current year. At the beginning of the year, Mary had a shareholder basis of $50,000, AAA of $25,000, and E&P of $10,000. If an election had been made to treat distributions as first coming from Subchapter C E&P, what would be the effect on Mary's basis of any excess distribution beyond Subchapter C E&P? O Increase Mary's basis. O No effect on Mary's basis. O Decrease Mary's basis. O Such election is not available to an S corporation