On January 1, 2022, Janna has a tax basis of $20,750 in her Mimikaki stock (Mimikaki has been an S corporation since inception). In 2022, Janna was allocated $25,750 of ordinary income from Mimikaki. What are the amount and character of gain she recognizes from end-of-the-year distributions in each of the following alternative scenarios, and what is her stock basis following each distribution? Note: Leave no answer blank. Enter zero if applicable. If the answer is "0", select "None". a. Mimikaki distributes $12,875 to Janna. On January 1, 2022, Janna has a tax basis of $20,750 in her Mimikaki stock (Mimikaki has been an S corporation since inception). In 2022, Janna was allocated $25,750 of ordinary income from Mimikaki. What are the amount and character of gain she recognizes from end-of-the-year distributions in each of the following alternative scenarios, and what is her stock basis following each distribution? Note: Leave no answer blank. Enter zero if applicable. If the answer is "0", select "None". b. Mimikaki distributes $25,750 to Janna