Money, Inc., a calendar year corporation in Denton, Texas has two unrelated shareholders, each owning 50% of the stock. Both Shareholders have a $400,000 stock basis as of January 1, 2015. At the beginning of 2015, Money has an AAA of $300,000 and AEP of $600,000. During 2015 Money has operating income of $100,000. At the end of the year, Money distributes securities worth $1 million, with the adjusted basis of $800,000. What are the tax effects of theses transactions?

Assume the same facts except the two shareholders consent to a AAA bypass election.