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only need the answer, don't need the step. Please answer ASAP! 103 1 55 During the year, S corporation distributes $50,000 to its sole shareholder.

only need the answer, don't need the step. Please answer ASAP!image text in transcribed

103 1 55 During the year, S corporation distributes $50,000 to its sole shareholder. S corporation has AAA of $10,000 and E&P of $20,000. Shareholder's stock basis prior to the distribution is $16,000. How much capital gain income does shareholder recognize on the distribution. O None of the other answers are correct. 0 $14,000 0 $4,000 O $0

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